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Financial Services Law Insights and Observations

CFTC announces LabCFTC independence, releases AI primer

Fintech CFTC Artificial Intelligence


On October 24, the Commodity Futures Trading Commission (CFTC) announced that LabCFTC will operate as an independent operating office of the agency, reporting directly to the chair of the CFTC. As previously covered by InfoBytes, LabCFTC was established in 2017 as an initiative to engage innovators in the financial technology industry and promote responsible fintech innovation. According to the CFTC, the change reflects the importance the agency places on examining the value of innovation within the financial marketplace and making the agency accessible to fintech innovators. The CFTC also released the Artificial Intelligence in Financial Markets primer to provide an “overview of how AI is applied in financial markets” as well as resources for market participants, consumers, and the public. The primer is part of a LabCFTC series on fintech innovation. (Previous InfoBytes coverage here.)

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