The CFTC will examine a supplemental proposal to Regulation Automated Trading at an open meeting on Friday, November 4, at 10:00 a.m. The new proposal would modify a previous proposal to give the CFTC access to the complex computer code that drives high-frequency trading firms' trading decisions.

Under the supplemental proposal, the CFTC would gain access to a trading firm's algorithmic computer code through a "special call" that is commonly used by the agency's surveillance staff to monitor trading. This would replace a previous proposal that would have allowed CFTC staff to demand access to a trading firm's proprietary source code.

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