NEWS
Chilton: Markets are Morphing
Katie Micik DTN Markets Editor
Tue Mar 19, 2013 04:12 PM CDT

SAN FRANCISCO (DTN) -- High-frequency traders are starting to look like the market's middlemen, but CFTC Commissioner Bart Chilton isn't sure they're fulfilling the fundamental purposes of price discovery and risk transfer.

High-frequency traders aim to make "microdollars in milliseconds," Chilton said, explaining that he nicknamed them "cheetahs" after the fastest land mammal. He also told attendees at the National Grain and Feed Association's annual convention that CFTC has very little oversight over these kinds of traders.

"These guys are zip, zip, in and out. They had a party while I was explaining how they do it. That's how fast ...

Quick View
  • Crop Tech Corner In this week's Crop Tech Corner, a community of Arkansas farmers have successfully banded togethe...
  • Market News AgriClear is not an auction, but an online digital sales floor where buyers and sellers negotiate...
  • UAS Research Takes Off Key members of the House and Senate last week praised the Federal Aviation Administration for sel...
  • "Total Market Isn't Dead" Used equipment inventories are escalating.
  • Rain, Rain, Go Away Waterlogged and flooded fields in much of the Midwest are putting corn and soybean fields at risk...
  • Feds to Examine Biotech Rules In a memo to USDA, FDA and EPA, the White House stated that a review of biotech regulations was n...
  • Evolution of Farm Kid Jobs DTN Staff Reporter Russ Quinn reflects on the farm activities of his youth that his children will...
  • IARC: Possible 2,4-D Cancer Link The International Agency for Research on Cancer has classified the herbicide 2,4-D as possibly ca...
  • Ask the Vet How do I know what minerals my cows need and how much?
Related News Stories
DTN Technically Speaking Blog
Technically Speaking Blog
Newsom on the Market
DTN Closing Grain Comments
DTN's Quick Takes
DTN Midday Grain Comments
DTN Midday Livestock Comments
DTN Before The Bell Grain Comments
DTN Early Word Opening Livestock
DTN Early Word Grains