Flash-Boys Regulation Fight Returns to U.S. Derivatives Agency
- CFTC officials debate tighter rules for high-speed traders
- Agency punted on an earlier plan to tighten oversight
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Two top officials at the main U.S. agency that regulates derivatives are rekindling a fight over how aggressively it should police computer-driven trading strategies that dominate markets.
Brian Quintenz, a Republican commissioner at the Commodity Futures Trading Commission, said Wednesday the watchdog should only focus on specific threats tied to automated trading, instead of proposing broad regulations for the industry. He also expressed skepticism about forcing high-frequency trading firms to register with the agency.