U.S. futures regulator CFTC probing speed traders

jeudi 3 avril 2014

Mark Wetjen, acting chairman of the Commodity Futures Trading Commission, testifies to the House Financial Services Committee about the effects of the Volcker Rule The U.S. Commodity Futures Trading Commission is investigating high-frequency traders to see if they were breaching the derivatives regulator's rules, its chief said on Thursday. "Staff (is) responding to concerns brought to us about certain practices, whether it be spoofing just to give one example, whether that's running afoul of our rule," Acting Chairman Mark Wetjen told reporters during a meeting. Many banks and hedge funds use sophisticated computer programs to send large batches of orders into equity and futures markets in fractions of a second, a controversial practice known as high-frequency trading (HFT).








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