Bloomberg News: Regulator Pledges to Keep Secrets for High-Frequency Traders

Annie Massa and Brian Lewis report (MMI Founding Member) Hudson River Trading LLC and CTC Trading Group LLC both filed public letters earlier this week criticizing (a proposed regulation by the Commodities Futures Trading Commission) because they give the government easier access to their code. The Commodity Futures Trading Commission wants the ability to examine algorithms to help it determine who to blame when markets crash.