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, researchers produce orange-colored corn with sight-saving capabi...
  • Strong Immunity Wins Two weeks after calving, cows lose body condition. But if she is short on nutrients, too, that dr...
  • Russ' Vintage Iron DTN staff reporter Russ Quinn takes a look at farm life nearly a century ago.
  • Klinefelter: By the Numbers Farm lenders should halt their petty rivalry and focus on agriculture's best interest: Our nation...
  • CWA Rule Pressure The Pennsylvania Department of Environmental Protection has asked the federal EPA to withdraw the...
  • GOP Picks Conaway as House Ag Chairman The House Republican Steering Committee on Tuesday selected Rep. Michael Conaway, R-Texas, as the...
  • Head Start A Pennsylvania teen has two years of a farm-to-fork business under his belt and is looking to exp...
  • Woodbury: Farm Family Business One of the world's wealthiest families measures success not in dollars but in authenticity.
  • Ask the Vet A warning about bull breeding soundness.
Related News Stories
DTN's Quick Takes
DTN Technically Speaking Blog
Newsom on the Market
Bin Doors Slam Shut on Corn
DTN Closing Grain Comments
DTN Midday Livestock Comments
DTN Midday Grain Comments
DTN Before The Bell Grain Comments
DTN Early Word Opening Livestock
DTN Early Word Grains