ValueWalk – CFTC’s Giancarlo Says Regulators Should Keep Hands Off Source Code

ValueWalk – CFTC’s Giancarlo Says Regulators Should Keep Hands Off Source Code
Mark Melin reports CFTC Commissioner Christopher Giancarlo, speaking at the Futures Industry Association conference in Chicago, expressed steadfast opposition to the subpoena-less access to source code provision in the proposed Regulation Automated Trading. He said requiring traders to provide their source code to regulators prior to a market destabilizing event fundamentally violates fundamental property rights “and is bigger than just a CFTC issue.”