The Commodity Futures Trading Commission ("CFTC") held
a public meeting of the Technology Advisory Committee
("TAC") on March 27, 2019. The TAC is sponsored by CFTC
Commissioner Brian Quintenz and Daniel Gorfine, Director of
LabCFTC, is the Designated Federal Officer. The TAC, comprised of
industry business, technology, and legal minds, meets periodically
to discuss pressing technology-related issues affecting the
commodity and derivative markets and regulation.
This meeting of the TAC consisted of four panels focusing on the
following core areas: Automated Trading, Cryptocurrency,
Cybersecurity, and Blockchain Technology.
Automated Trading
Automated Trading has been a topic of concern for the CFTC for
several years given a number of mini-crashes arguably caused by
automated trading. As a result, the CFTC has proposed a concept
release on Risk Controls and System Safeguards for Automated
Trading Environments in 2013, then Regulation Automated Trading
("Reg AT")
