Federal Register, Volume 79 Issue 16 (Friday, January 24, 2014)[Federal Register Volume 79, Number 16 (Friday, January 24, 2014)]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-01372]
COMMODITY FUTURES TRADING COMMISSION
17 CFR Chapter I
Concept Release on Risk Controls and System Safeguards for
Automated Trading Environments
AGENCY: Commodity Futures Trading Commission.
ACTION: Reopening of comment period.
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, [email protected] or 202-418-5641;
Marilee Dahlman, Special Counsel, Division of Market Oversight,
[email protected] 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-
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
Issued in Washington, DC, on January 17, 2014, by the
Christopher J. Kirkpatrick,
Deputy Secretary of the Commission.
Note: The following appendix will not appear in the Code of
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
[FR Doc. 2014-01372 Filed 1-23-14; 8:45 am]
BILLING CODE 6351-01-P