--- title: CFTC Eyes Renaissance Code description: However, the fund declines to provide it. image: https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/iStock-471328885-3.jpg --- ![websites-group](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/new-MMG-01.svg) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-new-marketsmedia-logo.svg)](https://www.marketsmedia.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-traders-redlogo.svg)](https://www.tradersmagazine.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-bestexe-logo.svg)](https://www.bestexecution.net/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-fidesk-logo.svg)](https://www.fixglobal.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-fixglobal-new-logo.svg)](https://www.fixglobal.com/) - [*Facebook*](https://www.facebook.com/MarketsMedia/) - [*Twitter*](https://twitter.com/marketsmedia) - [*Linkedin*](https://www.linkedin.com/company/markets-media-llc) - [Newsletter](https://articles.marketsmedia.com/cftc-eyes-renaissance-code#popup-newsletter) #### Want the latest news on securities markets -- FREE? Sign up to receive exclusive articles on topics including: - Equity market structure - Profiles of buy-side investment firms - The evolution of multi-asset-class trading - Regulation and its implications for markets - The search for liquidity in fixed income markets - The convergence of fintech and capital markets Select one or more newsletters you would like to receive: menu [![Markerts media](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/header%20logo.svg "Markerts media")](https://articles.marketsmedia.com/) - [Algorithmic Trading](https://articles.marketsmedia.com/tag/algorithmic-trading) - Algorithmic Trading - CFTC Eyes Renaissance Code Search - [Home](https://articles.marketsmedia.com/) - [Trending](https://articles.marketsmedia.com/tag/trending) - [Featured](https://articles.marketsmedia.com/tag/daily-email-feature) - [Sectors](https://articles.marketsmedia.com/tag/sectors) - [From The Markets](https://articles.marketsmedia.com/tag/from-the-markets) - [AWARDS](https://articles.marketsmedia.com/tag/events) - [Newsletter](https://awards.marketsmedia.com/newsletter-sign-up) - [Newsletter](https://articles.marketsmedia.com/cftc-eyes-renaissance-code#popup-newsletter) Hide search Search - NewsLetter ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/trading-up-occ-iex-select-board-members-citadel-lands-lieblich-573x379-Jul-07-2022-09-34-11-57-AM.jpg) [ON THE MOVE: Citi Hires Artie Ambrose;...](https://articles.marketsmedia.com/on-the-move-citi-hires-artie-ambrose-natalie-a-brown-to-mesirow) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/Depositphotos_445735906_L.jpg) [Trading Adapts to ESG and Sustainable...](https://articles.marketsmedia.com/trading-adapts-to-esg-and-sustainable-investing) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/iStock-917493152-Jul-07-2022-09-34-19-09-AM.jpg) [Focus on FX Execution Connectivity](https://articles.marketsmedia.com/focus-on-fx-execution-connectivity) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/Depositphotos_333839538_L.jpg) [TRACE Turns 20](https://articles.marketsmedia.com/trace-turns-20) 06.21.2017 By Rob Daly Algorithmic Trading # CFTC Eyes Renaissance Code 06.21.2017 By Rob Daly ![CFTC Eyes Renaissance Code](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/iStock-471328885-3.jpg) [Share](https://www.facebook.com/share.php?u=https://articles.marketsmedia.com/cftc-eyes-renaissance-code) [Tweet](https://twitter.com/intent/tweet?text=US+ETFs+Have+Record+Net+Inflows&url=https://articles.marketsmedia.com/cftc-eyes-renaissance-code) [Share](https://www.linkedin.com/cws/share?url=https://articles.marketsmedia.com/cftc-eyes-renaissance-code) The Commodity Futures Trading Commission would like to review the trading software developed by secretive hedge fund Renaissance Technologies, reports the *New York Post*. The $65 billion hedge fund operated by James Simons and Robert Mercer has declined the regulators requested due to the concerns that the proprietary code might be leaked, reportedly said James Rowan, COO of the Renaissance Technology. Such a request is one of the cornerstones of the CFTC's Regulation AT, which the industry continues to push against. In a comment letter submitted regarding supplemental proposed rulemaking on Regulation AT, Walt Lukken, president and CEO of the Futures Industry Association, on behalf of his organization as well as FIA Principal Traders Group vehemently opposed the CFTC's proposal that would make Algorithmic Trading Source Code available upon request for inspection by any representative of the Commission or the Department of Justice. "The Supplemental NPRM seeks to address our concerns, and the concerns of many other commenters, by proposing that algorithmic trading source code may be requested by means of a special call authorized by the Commission or by subpoena," he wrote. "Although we appreciate the Commission’s efforts to offer additional safeguards against unnecessary demands for disclosure of intellectual property, the Enhanced Special Call process does not provide the protections available to market participants when a subpoena is required." 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