Bloomberg News: Regulator Pledges to Keep Secrets for High-Frequency Traders

Bloomberg News: Regulator Pledges to Keep Secrets for High-Frequency Traders
The U.S. regulator for derivatives said it will look after high-frequency traders’ code once planned new rules oblige them to share their algorithms with the authorities. CFTC Chairman Timothy Massad said that the regulator wouldn’t jeopardize the security of traders’ proprietary source code. Massad also said he expects to finalize the rule by the end of this year.