The Commodity Futures Trading Commission has unanimously approved proposed rules known as Regulated Automated Trading or regulation A-T. These rules represent a series of risk controls, transparency measures and other safeguards to enhance the U.S. regulatory regime for automated trading. The notice of proposal will be open for a 90-day public comment period. National Grain and Feed Association’s Vice President of Marketing Todd Kemp says what CFTC is proposing is a good step.

He says the proposed rules are comprehensive and fair and even cover areas such as high frequency trading.

Kemp says the most important thing the rules do is improve transparency and accountability under the automated trading system.

CFTC Chairman Tim Massad says today almost all trading is electronic in some form. He says over the last few years more than 70 percent of all trading has become automated. Kemp says he thinks the numbers of automated traders is higher than 70 percent.