CFTC Issues Request For Comment On Uses Of AI – Commodities/Derivatives/Stock Exchanges
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On January 25, 2024, the Commodity Futures Trading
Commission’s (CFTC) Staff issued a request for comment (RFC) on
the current and potential uses and risks of artificial intelligence
(AI) in the markets that the CFTC regulates. Chairman Rostin Behnam
explained that the purpose of the RFC is to help the CFTC
“understand current and potential AI use cases and the
associated potential risks to [its] jurisdictional markets and the
larger financial system.” The RFC includes 20 questions that
are specific to the use of AI in CFTC-regulated markets and are
divided into two parts: the first concerns current and potential
uses of AI in CFTC-regulated markets; the second concerns the
potential risks that AI could pose to CFTC-regulated markets.
Public comments are due by April 24, 2024.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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