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Man vs. machine on Wall Street
The Commodity Futures Trading Commission is looking to build a regulatory framework around high-speed and algorithmic futures trading.
The announcement, made earlier this week, comes in the form of a "concept release." It's a 137-page document requesting public input on more than 100 questions about dozens of proposed ways to control risks from technology that enables many more trades to be made much faster, with much less human interaction, than any time in the past.
Despite the report's length, however, the CFTC doesn't appear to be addressing this problem directly—by forcing the traders to accept responsibility for their trades.
—By Eric Rosenbaum, CNBC.com