Maasad hints prop traders using direct access may have to file with CFTC
The Commodity Futures
Trading Commission (CFTC) has said it is looking at the
possibility of tougher rules for automated traders including
CFTC registration and pre-trade risk controls.
CFTC chair Timothy
Massad told Global Exchange and Brokerage Conference in New
York on Wednesday the regulator is considering
whether proprietary trading firms using direct electronic
access should register with the US regulator.
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