• CFTC Publishes Sweeping Concept Release Asking Questions About Additional Regulation of Automated Trading Strategies and High-Frequency Trading
  • October 16, 2013
  • Law Firm: Skadden Arps Slate Meagher Flom LLP - New York Office
  • On September 12, 2013, the Commodity Futures Trading Commission (CFTC) published a concept release (Concept Release or Release) requesting information about current market practices relating to the use of automated trading systems (ATSs), including high-frequency trading (HFT) strategies. The Release also solicits feedback on possible regulations that would have a direct impact on a wide variety of market participants, including futures exchanges (i.e., designated contract markets or DCMs) and swap execution facilities (SEFs), swap dealers (SDs) and major swap participants (MSPs), futures commission merchants (FCMs), commodity pool operators and commodity trading advisors (CTAs), unregistered proprietary traders and software firms providing ATS-related algorithms.