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2014-01372

  • Federal Register, Volume 79 Issue 16 (Friday, January 24, 2014)[Federal Register Volume 79, Number 16 (Friday, January 24, 2014)]

    [Proposed Rules]

    [Pages 4104-4105]

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

    [FR Doc No: 2014-01372]

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    COMMODITY FUTURES TRADING COMMISSION

    17 CFR Chapter I

    RIN 3038-AD52

    Concept Release on Risk Controls and System Safeguards for

    Automated Trading Environments

    AGENCY: Commodity Futures Trading Commission.

    ACTION: Reopening of comment period.

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    SUMMARY: On September 12, 2013, the Commodity Futures Trading

    Commission (``Commission'') published in the Federal Register a Concept

    Release on Risk Controls and System Safeguards for Automated Trading

    Environments (``Concept Release''). The Concept Release addresses the

    evolution from human-centered to automated trading environments and

    seeks comment on a series of pre-trade risk controls, post-trade

    measures, system safeguards and other protections applicable to trading

    platforms and other categories of market participants. Its original

    comment period closed on December 11, 2013. For the reasons set forth

    below, the Commission is reopening the comment period for the Concept

    Release beginning on January 21, 2014. Interested parties may submit

    comments on or before February 14, 2014.

    DATES: The comment period for the Concept Release published September

    12, 2013 (78 FR 56542) is reopened as of January 21, 2014, and extended

    until February 14, 2014.

    ADDRESSES: You may submit comments, identified by RIN 3038-AD52, by any

    of the following methods:

    CFTC Web site, via Comments Online: http://comments.cftc.gov. Follow the instructions for submitting comments

    through the Web site.

    Mail: Melissa D. Jurgens, Secretary of the Commission,

    Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st

    Street NW., Washington, DC 20581.

    Hand Delivery/Courier: Same as ``mail,'' above.

    Federal eRulemaking Portal: http://www.regulations.gov.

    Follow the instructions for submitting comments.

    Please submit comments by only one method. All comments should be

    submitted in English or accompanied by an English translation. Comments

    will be posted as received to http://www.cftc.gov. You should submit

    only information that you wish to make available publicly. If you wish

    the Commission to consider information that may be exempt from

    disclosure under the Freedom of Information Act (``FOIA''), a petition

    for confidential treatment of the exempt information may be submitted

    according to the procedures established in 17 CFR 145.9. The Commission

    reserves the right, but shall have no obligation, to review, prescreen,

    filter, redact, refuse, or remove any or all of your submission from

    http://www.cftc.gov that it may deem to be inappropriate for

    publication, such as obscene language. All submissions that have been

    redacted or removed that contain comments on the merits of the

    rulemaking will be retained in the public comment file and will be

    considered as required under the Administrative Procedure Act and other

    applicable laws, and may be accessible under FOIA.

    FOR FURTHER INFORMATION CONTACT: Sebastian Pujol Schott, Associate

    Director, Division of Market Oversight, sps@cftc.gov or 202-418-5641;

    Marilee Dahlman, Special Counsel, Division of Market Oversight,

    mdahlman@cftc.gov or 202-418-5264.

    SUPPLEMENTARY INFORMATION: On September 12, 2013, the Commission

    published in the Federal Register (78 FR 56542) the Concept Release on

    Risk Controls and System Safeguards for Automated Trading Environments.

    The Concept Release provides an overview of the transition from human-

    centered to automated trading environments, reviews the Commission's

    regulatory response to date and existing industry practices, and

    describes a series of pre-

    [[Page 4105]]

    trade risk controls, post-trade measures, system safeguards and other

    protections applicable to trading platforms and other categories of

    market participants. The Commission requests comment on a broad range

    of topics including, among other things, the extent to which certain

    risk controls have been adopted by industry, whether there is a need

    for regulatory action on such risk controls in order to provide more

    uniform risk mitigation across Commission-regulated derivatives

    markets, and the appropriate stage in the lifecycle of an order at

    which risk controls should be placed.

    The Commission is reopening the comment period for the Concept

    Release beginning on January 21, 2014, and ending on February 14, 2014.

    Parties who previously submitted comments on the Concept Release, but

    did so after the original December 11, 2013, comment deadline, are

    invited to resubmit their comments so that they may be properly

    considered. Parties presenting relevant materials during the January

    21, 2014, meeting of the Commission's Technology Advisory Committee are

    invited to submit such materials for inclusion in the comment file.

    Parties may also submit new comments regarding any matter raised in the

    Concept Release. All comments must be received on or before February

    14, 2014.

    Issued in Washington, DC, on January 17, 2014, by the

    Commission.

    Christopher J. Kirkpatrick,

    Deputy Secretary of the Commission.

    Note: The following appendix will not appear in the Code of

    Federal Regulations.

    Appendix to Concept Release on Risk Controls and System Safeguards for

    Automated Trading Environments--Commission Voting Summary

    On this matter, Acting Chairman Wetjen and Commissioners Chilton

    and O'Malia voted in the affirmative. No Commissioner voted in the

    negative.

    [FR Doc. 2014-01372 Filed 1-23-14; 8:45 am]

    BILLING CODE 6351-01-P

    Last Updated: January 24, 2014



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