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.

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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