The U.S. Commodity Futures Trading Commission (CFTC) is seekingcomment on whether to require registration for automated tradingfirms, taking a first step in potential restrictions on high-speedand algorithmic derivatives trading.

CFTC members voted unanimously to issue a conceptrelease that requests input on more than 100 questions,including on whether to expand testing and supervision ofhigh-speed trading strategies. The release, a step prior to aformal proposal by the top U.S. derivatives regulator, alsoconsiders ways to limit the maximum number of trading orders a firmcan place in a given amount of time.

“Traditional risk controls and system safeguards, many of whichwere developed according to human speed and floor-based trading,must be evaluated in light of new market realities,” CFTC ChairmanGary Gensler said in a statement.

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