On April 8, pursuant to Section 719(b) of the Dodd-Frank Act, the CFTC and the SEC released a joint study on the feasibility of requiring the derivatives industry to adopt standardized computer-readable algorithmic descriptions for complex and standardized financial derivatives. The Commissions concluded that derivatives can be represented using a common set of computer-readable descriptions, but indicated areas where further analysis and study are needed before mandating their use. CFTC Release. Study.