• From The Markets
  • From The Markets
  • Ex-CFTC Regulator Opposes Agency’s Demand for Flash Boys’ Code
Search
Search
08.02.2016
From The Markets

Ex-CFTC Regulator Opposes Agency’s Demand for Flash Boys’ Code

08.02.2016

(This article first appeared on Bloomberg)

A former commissioner for the main U.S. overseer of derivatives said the agency should abandon controversial regulatory measures for high-speed traders until Hillary Clinton or Donald Trump is elected.

The Commodity Futures Trading Commission shouldn’t force traders to hand over records of their algorithmic trading procedures until after a new administration is chosen, said Bart Chilton, the former commissioner. Instead, regulators should finalize less disputed parts of a sweeping proposal to register and boost oversight of automated traders, according to Chilton. That will prevent a legal fight that’s likely to extend past November, he said.

“I would want to see what’s happening with the election” since the new administration may have a different set of priorities for the CFTC, said Chilton, who now works with high-frequency trading firms as a senior policy adviser at law firm DLA Piper. “It’s very likely that it would be litigated.”

While CFTC Chairman Timothy Massad has pledged that regulators will safeguard traders’ proprietary source code, firms from CTC Trading Group LLC to Intercontinental Exchange Inc. have expressed concern over increasing government access to the secret algorithms firms consider intellectual property. Regulators say they need the code to help determine what went wrong when markets crash.

The CFTC is still working on the rule and hasn’t given a date for when it will be finalized.

 

Markets Media Follow

Digital publisher covering trading & technology in capital markets. @FIXGlobalOnline @TheBondDesk @BestExecution @DerivSource @WomeninFinanceM @TraderTeeVee

marketsmedia
marketsmedia Markets Media @marketsmedia ·
3 Oct

Markets Media Group was pleased to host the 2025 European Women in Finance Awards last night at Claridge’s in London.
#WomeninFinance #WIF #EuropeanFinance #FinanceCommunity

See the full list of winners here: https://www.marketsmedia.com/2025-european-women-in-finance-awards-the-winners/

3

Reply on Twitter 1974156023549350329 Retweet on Twitter 1974156023549350329 2 Like on Twitter 1974156023549350329 3 Twitter 1974156023549350329
marketsmedia Markets Media @marketsmedia ·
30 Sep

We are excited to announce the finalists for the 2025 U.S. Women in Finance Awards! Congratulations to all!

Check out the full list here:


#WomeninFinance #WIF #financeindustry

Reply on Twitter 1973054419567530326 Retweet on Twitter 1973054419567530326 Like on Twitter 1973054419567530326 Twitter 1973054419567530326
marketsmedia Markets Media @marketsmedia ·
30 Sep

Nominations are NOW OPEN for the 2026 Women in Finance LatAm Awards! Do you know a standout leader, innovator, or rising star? Nominate her today!

Learn more & submit your nomination:

#WomeninFinance #Finance #WIF

Reply on Twitter 1973053947121197180 Retweet on Twitter 1973053947121197180 Like on Twitter 1973053947121197180 Twitter 1973053947121197180
marketsmedia Markets Media @marketsmedia ·
24 Sep

HSBC AI Markets harnesses natural language processing to meet market participants’ trading and hedging needs, from pre-trade analysis, to execution, to post-trade. Markets Media caught up with Tom Croft to learn more about the platform.

#AIMarkets

Reply on Twitter 1970907013883584714 Retweet on Twitter 1970907013883584714 1 Like on Twitter 1970907013883584714 Twitter 1970907013883584714
Load More

Related articles

  1. From The Markets

    HSBC Trials Quantum-Enabled Algo Trading with IBM

    There was a 34% improvement in predicting how likely a trade would be filled at a quoted price.

    09.25.2025 By Shanny Basar , Senior Writer
  2. From The Markets

    Lloyds Partners with BNP Paribas for FX Execution Algos

    Execution algorithms are a growing share of global spot FX, particularly among buy-side firms.

    06.03.2025 By Shanny Basar , Senior Writer
  3. From The Markets

    360T, Quantitative Brokers Partner for FX Algos

    Demand for state-of-the-art execution algorithms in FX is growing rapidly.

    02.10.2025 By Shanny Basar , Senior Writer
  4. FCMs Promote Algorithmic Trading
    From The Markets

    Liquidnet Has Record Year for VWAP Cross

    There was a 75% year-over-year increase in daily principal traded.

    12.19.2024 By Shanny Basar , Senior Writer
  5. FCMs Promote Algorithmic Trading
    From The Markets

    Liquidnet Releases New Liquidity-Seeking Algorithm

    SmartDark features prioritized routing to venues with larger executions sizes and better price stability.

    11.13.2024 By Shanny Basar , Senior Writer

We're Enhancing Your Experience with Smart Technology

We've updated our Terms & Conditions and Privacy Policy to introduce AI tools that will personalize your content, improve our market analysis, and deliver more relevant insights.These changes take effect on Aug 25, 2025.
Your data remains protected—we're simply using smart technology to serve you better. [Review Full Terms] | [Review Privacy Policy] Please review our updated Terms & Conditions and Privacy Policy carefully. By continuing to use our services after Aug 25, 2025, you agree to these

Close the CTA