CFTC Publishes New Wide-Ranging Automated Trading Rule For Futures

Pre-trade checks, venue development standards, prop shop registration highlight Regulation AT.

official-timothy-massad-photo
Timothy Massad, chairman of the CFTC.

Taking a "multilevel approach", as the Commission has described it, Reg AT proposes pre-trade risk controls including maximum order message and order size parameters, as well as the establishment of standards for the development, testing, and monitoring of ATSs.

'AT Persons' in the market and clearing-member FCMs would also be required to submit reports on their risk controls to DCMs, and maintain records regarding their risk controls and other algorithmic trading procedures for review by DCMs.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Waterstechnology? View our subscription options

FCA declines to directly regulate market data prices

A year-long investigation by the UK regulator to determine whether competition is hindered in the wholesale data markets has concluded with its decision not to directly regulate much-maligned data pricing and licensing structures.

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here