CFTC One Step Closer To Reg AT, Requiring Access to Algos

Amid spirited debate, the Commodity Futures Trading Commission on Friday approved amendments to Regulation Automated Trading, commonly known as Reg AT. The controversial proposal requires algorithmic trading firms engaged in more than 20,000 trades per month to become registered with the CFTC and, most contested, allows investigators quick access to confidential source code in the case of suspected market manipulation. The proposed rule will now be published in the Federal Register and will be open to a 60-day comment period, after which the CFTC will vote again.   Reg AT – CFTC’s Massad: Market manipulators cannot hide behind machines By a…