C. Robert Paul was hired as general counsel for the as-yet unnamed joint venture for trading single stock futures between the Chicago Board Options Exchange and the Chicago Mercantile Exchange. Mr. Paul was a partner in the Washington office of law firm McDermott, Will & Emery, where he was general counsel to the Commodities Futures Trading Commission under William J. Rainer. Mr. Rainer in August was named chairman and CEO of the joint venture. Mr. Paul led the CFTCs discussions with the SEC on working out a regulatory system for single stock futures. Those discussions led to a provision being included in the Commodity Futures Modernization Act of 2000 for trading single stock futures.