CFTC's consultation on the regulation prompted over 80 comment letters
US futures watchdog the Commodity Futures
Trading Commission may be about to water down its controversial
plan to clamp down on electronic trading, a senior US trading
expert has claimed.
The CFTC proposed in November a new set of
reforms under the banner of Regulation Automated Trading to
tackle the risks created by electronic trading but prop firms
and market-makers have become increasingly wary of a specific
proposal that they must submit their algo trading source code
to the regulator.
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