US regulators propose powers to scrutinise algo traders' source code

... that the CFTC's goal is perfectly reasonable, it's inconceivable that any firm should be expected to leave its intellectual property on the doorstep of the government,” says Bill Harts, chief executive of Modern Markets Initiative, a trading ...
http://www.ft.com/cms/s/0/137f81bc-944f-11e5-b190-291e94b77c8f.html