In Sifma Address, CFTC Highlights HFT, Use of Technology

The CFTC is upgrading its technology in order to cope with the increasingly advanced capital markets it regulates.

US Commodity Futures Trading Commission (CFTC) commissioner Scott O’Malia outlined the Commission’s approach to regulating high-frequency trading (HFT) and its own expanding use of technology, in the opening address to the Sifma 2012 conference. O'Malia says defining HFT and other forms of automated trading, and distinguishing between them, is a key underpinning of effective regulatory strategy. He cites the work already accomplished by the Technology Advisory Committee (TAC) as l