CCOs at Brokers Require Probing Data Science

My first direct contact with compliance was confrontational. The team had just developed our first internet trading screens and we were excited to deploy them at some beta futures brokers. It was going to be the first time a retail person could actually trade the CME markets. A compliance person demanded that we identify the actual computer that a person was trading from so he could “go to that location and shut it down if needed.” Today that sounds crazy. To the compliance officer, it was a very real need. He needed to be able to do his job. He just didn’t understand how the technology worked.  This kind of disconnect between technology and compliance requirements is likely to happen again with the new wave of regulation that specifically targets…


Link to Full Article: CCOs at Brokers Require Probing Data Science