Massad Maintains Position on Reg AT During Final Days in Office

CFTC's chairman says a rule needs to be in place.

Timothy Massad, CFTC chairman

Commodity Futures Trading Commission (CFTC) chairman Timothy Massad, who submitted his letter of resignation earlier this month and will leave his post Friday, spoke about the industry's need for Regulation Automated Trading (Reg AT), the controversial rule currently working its way through the approval process.

Massad made his final plea for Reg AT, which was created to monitor algorithmic trading, while speaking at Sefcon VII. In what was his last public speech, Massad reflected on his eight

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