Futures and Options World: High-speed traders – Don’t take our code

“For the most part what they put out in Reg AT are best practice rules that most high-frequency trading (HFT) firms already follow,” said Bill Harts, CEO for the Modern Markets Initiative, a group that supports HFT and proprietary trading firms. “The one exception that we really take issue with is the idea that the source code that we use to run our trading systems should be available to regulators without a subpoena.”