Outgoing CFTC Member Wants High-Speed Trading Rules Set
By Tom Zanki (September 26, 2017, 9:34 PM EDT) -- The U.S. Commodity Futures Trading Commission's Sharon Bowen urged the agency in a farewell address Monday to finalize rules regulating high-speed trading, calling it unfinished business and arguing that failure to keep pace with European regulators on this matter will jeopardize American financial markets.
Bowen, a Democratic commissioner who is leaving the agency this week, called on the CFTC to complete its work on a proposal launched in 2015 that would regulate automated trading on the futures markets. By comparison, she noted, "robust" European plans to monitor such trading are set to take effect in January under the revised Markets in Financial Instruments Directive, known as...
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