Firms and industry bodies have expressed concerns over source code rules
US regulatory reforms targeting electronic
traders are unworkable due to the sheer volume of information
regulators would have to review, a top US electronic broker has
"I would like to see their plans, if they
are going to proactively review the source code every time it
changes, and code changes very regularly, they would have to
deal with a very great influx of code. I don’t
think that is feasible," Christian Hauff, chief executive
officer of Quantitative Brokers told FOW.
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