Mike Selig says the CFTC (U.S. derivatives regulator) combines artificial intelligence tools and surveillance systems with human quantitative analysts to identify suspicious trading activity.
CFTC (U.S. derivatives regulator) Chairman Mike Selig said the agency is using AI (artificial intelligence) and surveillance systems to review trading data, while human quants (quantitative analysts using mathematical models) continue to flag suspicious activity on the back end. His remarks indicate the regulator is adopting newer technologies for market oversight rather than avoiding tools he described as potentially game-changing.