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2012-3409

  • Federal Register, Volume 77 Issue 30 (Tuesday, February 14, 2012)[Federal Register Volume 77, Number 30 (Tuesday, February 14, 2012)]

    [Notices]

    [Page 8222]

    From the Federal Register Online via the Government Printing Office [www.gpo.gov]

    [FR Doc No: 2012-3409]

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    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: akirilenko@cftc.gov.

    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



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