Regulatory Alerts2020-07-15 | 2020-14383Regulation Automated Trading; Withdrawal
The Commodity Futures Trading Commission withdraws its 2015 and 2016 proposed rules for Regulation Automated Trading following significant industry opposition. The Commission rejects the previously proposed prescriptive risk controls, mandatory registration for certain automated traders, and requirements to disclose source code without a subpoena. Instead, the agency commits to a principles-based regulatory approach that grants exchanges greater flexibility to manage electronic trading risks.
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