CFTC Official Calls For Clampdown On Speculators, Cheetahs

Law360, New York (October 16, 2012, 10:29 PM EDT) -- Excessive speculation and high-speed trading pose grave risks to futures markets and the economy as a whole that should be countered by the creation of position limits and regulation of so-called cheetah trading, a U.S. Commodity Futures Trading Commission member said Tuesday.

In a prepared speech to be delivered at the Allegro Customer Summit in Dallas, CFTC Commissioner Bart Chilton praised the recently finalized regulations in support of the Dodd-Frank Act, which he said will serve to keep futures markets from becoming gambling houses, but lamented...
To view the full article, register now.