Chairman Gary Gensler Wednesday told the Technology Advisory Committee of the Commodities Futures Trading Commission "we must improve our ability to employ modern technology to automate our surveillance" of markets."

Gensler told the committee, which was meeting for the first time since its charter was renewed earlier this year, that it must automate its surveillance of trading -- because market actions have moved from " open outcry trading to predominantly electronic trading platforms."

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.