Market regulation · 27/03/2002

NFA Requests CFTC Approval for Interpretive Notice on Automated Order Routing Systems

The National Futures Association (NFA) has submitted a proposed Interpretive Notice to the Commodity Futures Trading Commission (CFTC) regarding the supervision of automated order routing systems (AORSs), which would require NFA members to adopt written procedures for security, capacity, and credit and risk management controls, while allowing flexibility for tailored procedures.