POLITICO Pro – Massad eyes flexibility ahead for algorithmic trading rule

POLITICO Pro – Massad eyes flexibility ahead for algorithmic trading rule
Patrick Temple-West reports the CFTC proposed rule that includes a provision to obtain traders’ computer codes for algorithms, has angered high-frequency traders who argue that the CFTC should get a subpoena for their sensitive information.  Speaking to reporters at a CFTC event on Friday about the proposal, Chairman Timothy Massad did not rule out re-proposing the rule once the latest comment period expires on June 24.