Federal Register, Volume 77 Issue 30 (Tuesday, February 14, 2012)[Federal Register Volume 77, Number 30 (Tuesday, February 14, 2012)]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-3409]
COMMODITY FUTURES TRADING COMMISSION
Notice Requesting Nominations for the Subcommittee on Automated
and High Frequency Trading
AGENCY: Commodity Futures Trading Commission.
ACTION: Notice requesting nominations for the Subcommittee on Automated
and High Frequency Trading within the Technology Advisory Committee.
SUMMARY: The Commodity Futures Trading Commission (CFTC or Commission)
is calling for nominations to the Subcommittee on Automated and High
Frequency Trading (Subcommittee) under the auspices of the Technology
Advisory Committee. The Subcommittee was established to develop
recommendations regarding the definition of high frequency trading
(HFT) in the context of the larger universe of automated trading. The
definition of HFT is anticipated to serve as an initial step towards
assessing the presence and impact of HFT in CFTC regulated markets for
consideration of appropriate policy responses. The Subcommittee will
report to the full Technology Advisory Committee. Developing a common
definition of HFT and the characteristics of HFT will help inform the
public debate as to the impact of such trading on markets under the
jurisdiction of the CFTC. Regulators, markets, market participants, and
the public will benefit from a common understanding of the activities
and entities involved in HFT. All members of the Subcommittee will
participate and consider possible criteria for inclusion in the
definition of HFT within the context of automated trading systems (ATS)
and suggest specific thresholds for each criterion. Nominations are
sought for highly qualified representatives from industry, exchanges,
academia, international regulatory and/or advisory bodies, groups
representing interests or organizations involved in and/or affected by
the development, design, and operation of ATS and HFT, and government
agencies. Individuals seeking to be nominated to the Subcommittee
should possess demonstrable expertise in a related field or represent a
stakeholder of interest in the issue. Prospective nominees should be
open to participating in an open public-private forum. Members of the
Subcommittee will be appointed by a vote of the Commission as in
accordance with the Federal Advisory Committee Act (FACA), 5 U.S.C.
app. 2, and the charter of Technology Advisory Committee.
DATES: The final deadline for nominations is 14 days from the
publication date of this notice.
ADDRESSES: Nominations should be sent to Andrei Kirilenko, Chief
Economist, Office of the Chief Economist, U.S. Commodity Futures
Trading Commission, 1155 21st Street NW., Washington, DC 20581.
FOR FURTHER INFORMATION CONTACT: Andrei Kirilenko, (202) 418-5587; fax:
(202) 418-5660; email: email@example.com.
SUPPLEMENTARY INFORMATION: The Subcommittee will be ongoing and will
conduct at least three sessions in the calendar year 2012. The
Subcommittee may prepare a series of reports, findings, and/or
recommendations to the Technology Advisory Committee. The Technology
Advisory Committee will consider submitted materials and determine
whether and what recommendations to make to the Commission.
Subcommittee participants will not be compensated or reimbursed for
travel and per diem expenses. Each nomination submission should include
the proposed member's name and organizational affiliation; a brief
description of the nominee's qualifications and interest in serving on
the Subcommittee; the organization, group, academic body, company or
government agency the nominee would represent on the Subcommittee; and
the curriculum vitae or resume of the nominee. Self-nominations are
acceptable. The following contact information should accompany each
submission: The nominee's name, address, phone number, fax number, and
email address. There are no capital costs and no operating or
maintenance costs associated with this notice.
David A. Stawick,
Secretary of the Commission.
[FR Doc. 2012-3409 Filed 2-13-12; 8:45 am]
BILLING CODE 6351-01-P
Last Updated: February 14, 2012