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Rules & Regs

Traders Magazine, April 2002

Gregory Bresiger

Best Execution Best execution standards for single stock futures in the short term are likely going to be another problem for traders, who should be very careful until the SEC and CFTC come up with new rules. That's the warning from John Damgard, president of the Futures Industry Association. "There are so many areas in which we are still waiting for direction. The trading of these products will be unique, even when one is going from one exchange to another so we are going to need very precise rules," Damgard said. The Securities Industry Association and the FIA have a task force working on the problem.

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