The Senate Agriculture Committee held a hearing that focused on the effects of high-frequency trading (“HFT”) in the futures markets and allowed committee members to ask witnesses questions concerning HFT, latency and risk controls.
Witnesses at the hearing included:
- Mr. Terrence Duffy, Executive Chairman and President, CME Group;
- Mr. Vince McGonagle, Director of the Division of Market Oversight of the CFTC; and
- Dr. Andrei Kirilenko, Professor of the Practice of Finance, MIT Sloan School of Management.
See: Senate Agriculture Committee Hearing Information and Video; Chair Stabenow’s Remarks.