Gensler Says CFTC May Seek Automated-Trade Comments by July
This article is for subscribers only.
The U.S. Commodity Futures Trading Commission may seek comment before July on ways to test and supervise automated and high-frequency trading systems, said Gary Gensler, the agency’s chairman.
The agency, which has scrutinized such trading in the wake of the May 2010 crash that temporarily roiled markets, is considering a so-called concept release, which is a regulatory step prior to publishing proposed new rules for direct market access.