CFTC Casts Wide Net on Futures HFT Curbs—Will the Catch Prove Deadly?

From messaging and execution throttles to a common identifier system for algorithms—and just about everything in between—the CFTC’s concept release asks for public comment on 124 different potential mechanisms, policies, and initiatives meant to reduce systemic IT risk. As with algorithmic trading, the industry and regulators are looking to learn lessons from equities safeguards—or their absence—and apply those to futures and other listed derivatives. But, to use two concepts often cited in the