CFTC Restarts Committee On Robo-Trading

Law360, New York (July 14, 2010, 5:04 PM EDT) -- After a five-year hiatus, the U.S. Commodity Futures Trading Commission has reconvened a group of experts in markets and trading exchanges to study high-frequency, automated trades and to head off what the committee's chair called the “tsunami of data” that will flow the CFTC's way with passage of the financial reform package.

The CFTC's Technology Advisory Committee met Wednesday to begin its examination of how best to mitigate risks with the algorithmic trading, or robo-trading, that may have played a role in the May 6 “flash...
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