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
  • Dealing with Diplodia After the latest spate of wet, cool weather in parts of the Midwest, plant pathologists are urgin...
  • Year-Round Cow Kelly Smith believes fetal programming through good nutrition for dams yields better steers and h...
  • Russ' Vintage Iron DTN staff reporter Russ Quinn takes a look at farm life nearly a century ago.
  • Cash Will Be King Years of $6-and-up corn couldn't last forever. Some proactive grain farmers are bolstering their ...
  • CWA Rule Pressure The Pennsylvania Department of Environmental Protection has asked the federal EPA to withdraw the...
  • COOL Appeal Likely in 2015 Agriculture Secretary Tom Vilsack said the U.S. might not file an appeal of the country-of-origin...
  • Ask the Taxman by Andy Biebl Readers ask if they can offset futures losses against cattle income, roll hedges forward tax-free...
  • Ranch Hands Two families take different approaches to building income from trail rides, roundups and real-lif...
  • Ask the Vet Why isn't my flea and tick control for dogs working?
Related News Stories
DTN's Quick Takes
DTN Before The Bell Grain Comments
Newsom on the Market
DTN Early Word Opening Livestock
DTN Early Word Grains
Harvest Revenue Insurance Prices
DTN Closing Grain Comments
DTN Midday Livestock Comments
DTN Midday Grain Comments
CME Earnings Rise 23%