US to Propose New Cyber Rules to Respond to ION Hack by Mid-Year

The top US derivatives regulator is set to propose new cybersecurity rules by the middle of this year after the hack on ION Trading UK roiled markets.

The Commodity Futures Trading Commission will seek to set standards that futures and swaps dealers based in the US will need to require of their third-party vendors, according to a person familiar with the matter, who asked not to be named because the plans aren’t public. The effort is part of a move to revamp and create new cybersecurity rules that was already in the works and has accelerated after January’s attack on ...