CNBC.com – Former CFTC Commissioner – CFTC rule ‘extreme overkill’

CNBC.com – Former CFTC Commissioner – CFTC rule ‘extreme overkill’
Former CFTC Commissioner Bart Chilton writes that one would not expect Coca-Cola to divulge their secret recipe for the world-renowned soft drink…nor is it required by government. The same is true for other proprietary trade secrets and intellectual property. That, however, could all change by the end of the year if the U.S. Commodity Futures Trading Commission — where I previously served as a commissioner for seven years, is allowed to obtain such secret formulas known as “source code” from traders and trading venue operators (exchanges).