CFTC may seek comment on high-frequency trading


CFTC Chairman Gary Gensler said that the CFTC may seek comment before July on ways to test and supervise automated and high-frequency trading systems, a step towards publishing proposed rules for direct market access.

Gensler told reports that the concept release document is “pretty far along.” The release would specify measures for testing, supervising, and protecting participants with direct market access to ensure market trading is compliant and orderly.

The CFTC’s technology advisory committee held a meeting on March 29 to discuss high-frequency trading. Automated trading firms drew attention from regulators after the May 2010 crash that lost $862 billion in US shares.

Read more about high-frequency trading systems.

Photo Credit: Katrina Tuliao

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About the Author

Felix Shipkevich
Mr. Shipkevich’s practice focuses on regulatory, transactional, and enforcement matters in the fields of futures, commodities, and derivatives. He works with Futures Commission Merchants (FCMs), Retail Forex Exchange Dealers (RFEDs), Introducing Brokers (IBs), Commodity Pool Operators (CPOs), Commodity Trading Advisors (CTAs), Swap Dealers (SDs), Swap Execution Facilities (SEFs), and domestic and offshore hedge funds. Mr. Shipkevich guides clients on procedures related to registration with the U.S. Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA), as well as domestic and international regulators in local jurisdictions. Mr. Shipkevich prepares and helps implement compliance, anti-money laundering (AML), and Electronic Trading Systems (ETS) procedures for clients in the commodities and derivatives fields.

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