CFTC’s Chilton Says ‘Cheetah’ Traders Must Register for Business
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U.S. regulators should require that high-frequency and algorithmic traders register with authorities before they enter financial markets, said Bart Chilton, member of the U.S. Commodity Futures Trading Commission.
The traders, which Chilton calls “cheetahs”, should be “confined” and subject to testing and a pre-trading accreditation process, Chilton said in a speech prepared for a Washington conference held today by the American Soybean Association.