CFTC Announces Public Meeting of the Technology Advisory Committee (Proposed Rule)
CFTC Press Release 6153-11
The CFTC announced that the CFTC's Technology Advisory Committee will hold a public meeting on December 13, 2011. The meeting will focus on three significant issues facing the futures and swaps industries as the Commission continues to finalize rules under the Dodd-Frank Act. Those issues are: (1) what we can expect to see in the new trading environment of swap execution facilities; (2) defining, classifying, and observing high frequency traders and their impact on the markets; and (3) and interim recommendations from the Subcommittee on Data Standardization on universal product and legal entity identifiers, standardization of machine-readable legal contracts, semantics, and data storage and retrieval.