Bitcoin high frequency trading investigation
It's evidence that regulators are willing to let the private sector sort out some of the big concerns cropping up with trading technology. Defenders of these "electronic market-makers" argue that they can help provide liquidity in the markets where they operate. The arms race has yielded numerous firms with different strategies, but observers now put bitcoin high frequency trading investigation into a couple of separate categories. They're predatory in nature. The technology behind this new breed of trader is part of the fundamental fabric of the markets, used by a wide variety of firms and investors.
Industry critics are fighting this aspect of the rule, arguing that giving the government access to their bitcoin high frequency trading investigation intellectual property—the secret sauce of their algorithms—is too big a risk. Former CFTC general counsel Dan Berkovitz said regulators have moved away from the question of whether the technology is inherently good or bad. The rule, which bitcoin high frequency trading investigation yet to be finalized, would require algorithmic traders to maintain repositories that would track changes to their code, which could then be made available to investigators in the event something went wrong in the markets. Government agencies spent months dissecting millions of data points from the Treasury market to find out just what had happened that day.