Commentary

Tim Quast
Traders Magazine Online News

We're All HFTs Now

In this guest commentary, author Tim Quast looks back at the history of HFT and how the market has evolved to where many firms now fit the definition of high-frequency trader.

Traders Poll

Are you in favor of a pilot program and examination of the rebate system by the SEC?




Free Site Registration

May 31, 2001

SEC and CFTC Agree on Futures

By Gregory Bresiger

Trading in security futures products is expected to begin this summer, according to officials of the Securities and Exchange Commission and the Commodity Future Trading Commission.

The two regulators have announced joint rules for implementing new statutory provisions governing security futures products.

Futures contracts on broad based indexes are under the exclusive jurisdiction of the CFTC.

The proposed rules will be published in the Federal Register. Then there will be a 30-day comment period. If all regulatory requirements are met, trading of the contracts would begin on August 21. The proposed rules are available at www.cftc.gov and www.sec.gov.