Reuters – By Tom Polansek – June 12, 2012
CHICAGO, June 11 (Reuters) – The Commodity Futures Trading Commission will soon start a public comment period on how it can better supervise high-frequency and automated trading systems, a commissioner said on Monday as he met with some of Chicago‘s top traders.
Commissioner Bart Chilton discussed the challenges of regulating high-frequency and algorithmic traders in a meeting at the Chicago CFTC office with Leo Melamed, former chairman of the Chicago Mercantile Exchange; Don Wilson, CEO of DRW Trading Group, one of Chicago’s top trading firms; and others.
Before publishing proposed new rules for the traders, the CFTC is preparing to launch a so-called “concept release,” in which it will gather feedback from the industry, Chilton said during the meeting.
To read the full article please click here.