SIFMA Asset Management Group and the National Futures Association urged the CFTC to amend its proposal to simplify regulatory obligations for commodity pool operators and commodity trading advisors.
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Three CFTC commissioners addressed recently proposed changes to rules relating to transacting on swap execution facilities.
The Futures Industry Association Principal Traders Group criticized the CFTC for failing to address whether certain swaps should be excluded from an entity's de minimis calculation.
Futures Industry Association Principal Traders Group ("FIA PTG") Chair Rob Creamer stated that FIA PTG will carefully review the CFTC's proposed rules on automated trading and analyze their potential implications. He said that FIA PTG will pay "particularly close attention" to the issue of access to proprietary algorithms and the intellectual property concerns raised by Commissioner Christopher Giancarlo. In a statement released following the CFTC's open meeting held November 24th, Mr. Creamer said: "the Commissioners have emphasized a data-driven approach and have referenced standards that
The Futures Industry Association ("FIA") and the FIA Principal Trading Group expressed "grave concerns" about provisions for access to source code contained in the CFTC supplemental proposal to Regulation Automated Trading.