CFTC’s Quintenz calls for ‘reset’ on Reg AT
New commissioner says rules on automated trading should address specific risks
Brian Quintenz wants to hit the reset button on the Commodity Futures Trading Commission’s efforts to regulate automated trading.
In his first public remarks since being sworn in as a CFTC commissioner on August 15, Quintenz described the agency’s most recent proposal to regulate automated trading (Reg AT) as “poorly crafted and flawed public policy”.
Regulators need to clearly identify the specific risks posed by automated trading to the market before seeking to apply new rules, he said.
“I
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