FIA To Hold Webinar Today on CFTC-Proposed Regulation for Automated Trading
The Futures Industry Association ("FIA") announced that it will hold a webinar today to discuss the CFTC's newly proposed rules on automated trading ("Regulation AT"). The webinar, titled "Understanding Reg AT," will take place on December 16, 2015 from 3:30 p.m. to 4:45 p.m. EST. The webinar will identify market participants that would be impacted by Regulation AT.
The FIA stated that proposed Regulation AT would:
- require certain algorithmic traders to register with the CFTC;
- require CFTC registrants who engage in automated trading to establish risk controls and comply with rules regarding the development, testing and monitoring of automated trading systems; and
- establish various regulatory automated trading requirements for clearing members and exchanges.