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Read. Follow. Verify.Congressional Hearing on CFTC Automated Trading Rules
Record date · January 1, 2016
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What This Bill Does
The House Committee on Agriculture held a hearing on July 13, 2016, to examine the Commodity Futures Trading Commission's (CFTC) proposed regulations for in markets. The session featured testimony from industry experts and market participants regarding the impact of these proposed rules on market stability and efficiency.
This hearing addresses the regulatory framework for high-frequency and systems, which directly impacts the stability, speed, and cost of markets used by farmers and businesses to manage financial risk.
Who It Affects
Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.
Derivatives market participants
These entities must comply with new oversight and technical requirements for automated trading systems if the proposed rules are finalized.
Commodity Futures Trading Commission
The agency is responsible for drafting and enforcing the proposed regulatory framework.
Key Facts
- The hearing took place on July 13, 2016, in the Longworth House Office Building.
- The subject of the hearing was the CFTC's 'Regulation Automated Trading' (Reg AT) proposal.
- The committee reviewed the implementation of Title VII of the Dodd-Frank Act regarding derivatives markets.
- Witnesses included representatives from the Futures Industry Association, RGM Advisors, CME Group, and Trading Technologies International.
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- The American Gas Association submitted a statement for the record.
Frequently Asked Questions
What is 'Regulation Automated Trading'?
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News Coverage
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Votes, people, money & the original sourceFull breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Post-Dodd-Frank Regulatory Evolution
The hearing highlights the ongoing effort to refine Title VII implementation years after the initial passage of the Dodd-Frank Act.
Connected Entities
Sources
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Analysis Score
0–100- Significance65How much this matters to a regular citizen
- Controversy40Intensity of disagreement among stakeholders
- Entertainment10Compellingness for a non-policy-wonk reader
- Buzz15Current news / social attention level
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