CFTC ponders new version of Reg AT

Author: Edward Price | Published: 31 Oct 2016

The US Commodity Futures Trading Commission (CFTC) is considering a new version of Regulation AT, one that counsel feel would result in welcome relief for smaller traders.

In November 2015, the CFTC unanimously approved proposed rules designed to regulate automated trading on US designated contract markets (DCMs), collectively known as Regulation Automated Trading (Regulation, or Reg AT). The proposal now is for a new, two-tiered risk-control structure to replace the current three-tiers, a move the CFTC says will prevent glitches in automated trading from disrupting futures and derivatives markets.

Regulation AT The introduction of Regulation AT came in response to the flash crash of October 2014, an event which significantly disrupted both the securities and futures markets. In addition, the CFTC had become increasingly mindful of the rise of electronic trading. Many existing rules on risk and compliance when trading were made in the era of voice trading, and...



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