The Securities and Exchange Commission may want to look more closely at the role of algorithms in U.S. capital markets, but the chief operating officer of NYSE Euronext said he does not think national securities regulators should get into the business or process of vetting mathematical formulas.
"I find really find it hard to believe they're going to put a very rigid structure around algo certification,’’ said Lawrence Liebowitz. "Anything that requires for example a regulator to look at code I don't think is feasible in any way."
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