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Protect source code to protect innovation in markets

21 April 2016 7:15pm EDT
FIA PTG Blog : In our last piece on the CFTC’s proposed rules on automated trading , we explained why the Commission should focus only on risk controls in its first rulemaking on this topic. However, while we strongly urge the CFTC to set aside the policies and procedures section for now, we’re also enumerating the problems that would arise should they choose to move forward with it, particularly with their proposal for unprecedented access to algorithmic source code.

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