Sharon Bowen indicated in her last public speech as a commissioner of the Commodity Futures Trading Commission that the agency should finalize Regulation Automated Trading in order to avoid arbitrage with the European Union which has tough requirements regarding algorithmic trading firms that come into force on January 3, 2018. (Click here for background on Reg AT in the article “Additional Musings on the CFTC’s Supplemental Proposal Regarding Regulation AT” in the November 13, 2016 edition of Bridging the Week.) Ms. Bowen also called for the adoption of rules related to cybersecurity applicable to all registrants (not just financial market infrastructures such as designated contract markets and derivatives clearing organizations, as currently is the case) and for rules related to governance for clearing houses and trading platforms.