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CFTC tosses out source code access requirement

First Published 6th October 2017

Commissioner walks back a number of onerous requirements in RegAT

The Commodity Futures Trading Commission (CFTC) is scrapping its highly controversial plans for RegAT that would have allowed it to seize source code for trading strategies.

In what must be followed by a sigh of relief across the industry, the CFTC's new commissioner, Brian Quintenz, declared the provision "dead".

He further tried to restrain his own agency's past efforts to get a stronger handle on the automated aspects of trading world by criticising the proposed definition of an "Algor

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