The chair of the Commodities and Futures Trading Commission (CFTC) has said he will consider changes to proposed regulation on automated trading. Timothy Massad said some industry concerns about the scope of the proposals were valid, adding he would endorse limited oversight to two, rather than three, levels. “A trading firm could have its own controls or opt in to the FCM controls,” he said. In a speech at an event hosted by the Financial Times in New York City, Mr. Massad, who was appointed chairman last month, also suggested that regulators should be more aggressive when it comes to enforcing rules
The chair of the Commodities and Futures Trading Commission (CFTC) has said he will consider changes to proposed regulation on automated trading. Timothy Massad said some industry concerns about the scope of the proposals were valid, adding he would endorse limited oversight to two, rather than three, levels. In a speech at an event hosted by the Financial Times in New York City, Mr. Massad, who was appointed chairman last month, also suggested that regulators should be more aggressive when it comes to enforcing rules