Financial News: Possible Consequences of the Pending Trump Presidency on Reg AT

Tim Cave reports Bill Harts, chief executive of New York-based HFT advocacy group Modern Markets Initiative, said that as a result of the election of Trump, the 2005 equity trading regulation Regulation NMS may be reviewed.  He also pointed out that Regulation AT – the CFTC’s new rules overseeing algorithmic trading which include a controversial provision for regulators to freely access firms’ computer code – could also be stalled. “It has yet to enter its 60 day comment period and the inauguration is only 71 days away. It seems unlikely you will see something happen on this issue in that time frame.”