Associations Urge CFTC To Prioritize Pre-Trade Risk Controls

A group of leading trade associations, including the Futures Industry Association ("FIA"), the FIA Principal Traders Group, the Managed Funds Association ("MFA"), ISDA and the SIFMA Asset Management Group ("AMG") (collectively, the "Associations") urged the CFTC to focus on pre-trade risk controls instead of promulgating one-size-fits-all prescriptive rules. They also urged the CFTC to continue the dialogue with the industry groups on the remaining portions of proposed Regulation Automated Trading ("Reg. AT").

The Associations recommended:

• separating and holding roundtables on different aspects of the rule instead of holding a single roundtable that currently "tries to accomplish too much in one rulemaking";