Bots beware: CFTC near plan to reign in high-speed trading Text Size
Published: Friday, 23 Aug 2013 | 11:13 AM ET
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Andrew Harrer | Bloomberg | Getty Images Gary Gensler, chairman of the Commodity Futures Trading Commission Federal regulators are about to propose new methods to increase the oversight of high-speed computer trading, according to a new report.
The Commodity Futures Trading Commission's new ideas could be released as early as next week. Before the road map is officially released, it must first be approved by the commission.
According to "The Wall Street Journal," it will address issues ranging from how to control runaway trading algorithms to whether the firms that engage in this form of computerized trading should register with the government. To read the full report, click here.
The move comes amid several high-profile software problems within the last year, including a trading glitch on Thursday that hobbled the Nasdaq stock market.
