The Commodity Futures Trading Commission (CFTC) has stopped the development of a technology program used to keep track of suspicious trading, The Wall Street Journal reports. The termination is due to an $11 million cut in the commission’s technology budget.
The technology budget would have helped the agency expand an automated surveillance system to examine trades in the futures market. The system is used to review millions of trades, looking for patterns that suggest potentially illegal activity.
Click here for the story from The Wall Street Journal.