Futures exchanges would be anticipated to produce defenses versus disruptive technology failures, but may not need to update current policies under a proposition issued by the U.S. derivatives regulator.
The proposal from the Product Futures Trading Commission, approved Thursday on a 4 to 1 vote, would develop new concepts for danger management, but mainly relies on exchanges such as those owned by CME Group Inc. and Intercontinental Exchange Inc. to choose how to abide by them. The plan breaks with a stricter approach …
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source https://jobsearchtips.net/futures-exchanges-get-discretion-to-authorities-technology-glitches/
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