CFTC Chief Counsel Petal Walker Discusses Reg AT's Source Code Proposal
At this year's Chicago Trading Technology Summit, the CFTC's Petal Walker gave an update on Reg AT's progression and what's at stake for the source code provision.
If you look at comment letters sent to the Commodity Futures Trading Commission (CFTC) or listen to panelists talk at industry events, market participants tend to understand much of the thinking behind the CFTC's Regulation Automated Trading (Reg AT) proposal.
Perhaps 90-95 percent of the rule has at least a fair amount of support, but there's one piece of the regulation that has been universally criticized: the source code oversight provision. Reg AT requires each market participant to keep a
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: https://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Regulation
Nasdaq’s blockchain proposal to SEC gets mixed reviews from peers
Public comment letters and interviews reveal that despite fervor for tokenization, industry stakeholders disagree on its value proposition.
FCA files to lift UK bond tape suspension, says legal claims ‘without merit’
After losing the bid for the UK’s bond CT, Ediphy sued the UK regulator, halting the tape’s implementation. Now, the FCA is asking the UK’s High Court to end the suspension and allow it to fight Ediphy’s claims in parallel.
Treasury market urged to beef up operational resilience plans
NY Fed panel warns about impact of AI and reliance on critical third parties.
Technology alone is not enough for Europe’s T+1 push
Testing will be a key component of a successful implementation. However, the respective taskforces have yet to release more details on the testing schedules.
Waters Wavelength Ep. 338: BBH’s Mike McGovern
This week, Mike McGovern of Brown Brothers Harriman talks with Tony about the importance of open architectures and the need for better data management in this increasingly AI-driven world.
Plaintiffs propose to represent all non-database Cusip licensees in last 7 years
If granted, the recent motion for class certification in the ongoing case against Cusip Global Services would allow end-user firms and third-party data vendors alike to join the lawsuit.
S&P shutters NMRF solution amid audit questions
Vendors face adverse economics due to a low number of IMA banks and prospects of regulatory easing.
Row breaks out over cause of FX settlement fails
One European bank blames T+1 for a 50% jump in FX fails, but industry groups dispute the claims.
