High-Frequency Trading Registration Studied by U.S. Regulator

Reuters/Brendan McDermid

Bloomberg News – By Silla Brush         June 20, 2012

U.S. financial regulators would waste budget resources by requiring registration and audits of automated trading algorithms, according to an advisory group to the Commodity Futures Trading Commission.

Regulators would face difficulties establishing unique attributes of algorithms, which change frequently, in order to require registration, according to a summary of the group’s views scheduled to be presented today at a meeting of the technology advisory committee to the CFTC.

The agency, the main U.S. derivatives regulator, is considering new rules to oversee automated trading systems and high-frequency trading.

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