Does anyone know if the new regs will apply to FX markets? Hard to see how if they're not exchange traded (so, I'm excluding fx futures). But they might be able to regulate it by pushing on the clearers.
"The Commission is continuing to adapt our oversight to changing market structure, including emerging trends related to electronic trading.
Regulators cannot assume that the algorithms in the markets are well designed, tested or supervised. To give hedgers and investors confidence in markets, our regulations have to adapt to markets that are increasingly moving from man to machine. "
It has run its course and now it's time for it to die!