July 14, 2010
By Christopher Doering and Roberta Rampton
The U.S. futures regulator must look carefully at new "risk controls" to protect markets in an era when trades are executed at lightning speed, the head of a new technology panel for the Commodity Futures Trading Commission said on Wednesday.
The expanding use of algorithms to rapidly create and execute futures trades -- combined with new responsibility for the vast over-the-counter swaps market -- means the CFTC needs to evolve, Commissioner Scott O'Malia said at the first in a series of meetings designed to advise the agency on rules and technology it should put in place…
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Last Updated: August 5, 2010