Popularized in films like Limitless, legal smart drugs called Nootropics are becoming more and more prevalent in board rooms and on Wall Street.Keep reading »
“I understand that Commission staff is starting to work on a proposed rule,” Scott O’Malia, a member of the Commodity Futures Trading Commission, said in a speech.
The CFTC lacks the technology necessary to routinely oversee the millions of messages traders send every day to futures exchanges operated by CME Group Inc. and IntercontinentalExchange Group Inc., O’Malia said yesterday in a speech prepared for a Tabb Forum conference in Chicago.
“Without such tools, the commission cannot effectively oversee today’s automated markets,” O’Malia, 46, said in the speech. He said he is discussing with the financial industry how the agency “should design the 21st-century mouse trap to spot disruptive and manipulative trading practices -– at any speed.”