CFTC's Massad on Pound Flash Crash, Cross-Border Swaps

The transcript discusses the CFTC's examination of market volatility, particularly in automated trading environments. It highlights the challenges in rulemaking, including public comment processes and the need for oversight. The impact of algorithmic trading on market trust and liquidity is explored, along with concerns about source code confidentiality. The CFTC's efforts to set position limits for trading firms are also covered.

What concerns were raised about the CFTC's proposal regarding trading firms' source code?

What is the significance of preserving the source code of trading algorithms?

What are the current efforts being made regarding position limits in trading?