Event: Roundtable


CFTC Staff to Hold Roundtable on Certain Elements of Regulation AT

The Commodity Futures Trading Commission’s (CFTC or Commission) Division of Market Oversight announced that staff will hold a public roundtable meeting, to discuss certain elements of the Commission’s notice of proposed rulemaking (NPRM) regarding Regulation Automated Trading (Regulation AT). The Regulation AT NPRM was published in the Federal Register (80 FR 78824) on December 17, 2015.

The Commission also intends to shortly announce the reopening of the comment period for Regulation AT from June 10, 2016 through June 24, 2016 to accept comments on items in the agenda, including the Roundtable and Comment Period Discussion Points, and those that arise during the roundtable. The additional comment period is intended to obtain public input solely on these specific topics.

The roundtable, which will be held on Friday, June 10 at 9:00 a.m. at the CFTC headquarters, will include discussion of the following topics: (1) potential amendments to the proposed definition of “Direct Electronic Access” (DEA), consistent with and in furtherance of Regulation AT’s proposed registration regime; (2) potential quantitative measures to establish the population of AT Persons; (3) a potential alternative to Regulation AT’s requirements for AT Persons in proposed §§ 1.80, 1.81, and 1.83(a), which alternative could require that FCMs impose specific requirements on their customers and perform due diligence regarding customers’ compliance; (4) AT Persons’ compliance with Regulation AT’s proposed requirements for Algorithmic Trading and Algorithmic Trading systems when using third-party algorithms or systems; and (5) source code access and retention.

More detailed information regarding agenda items to be discussed at the roundtable is available at Roundtable and Comment Period Discussion Points.

The roundtable will be open to the public, with seating on a first-come, first-served basis. Members of the public may listen by telephone using the call-in information below. Following the roundtable, a transcript of the proceedings will be posted on www.cftc.gov.

Listening Instructions:

US Toll Free:


International Numbers

Dial-In Numbers

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View Archived Webcast

CFTC Press Release 7377-16

80 FR 78824: 17 CFR Parts 1, 38, 40, et al.; Regulation Automated Trading; Proposed Rule

81 36484: 17 CFR Parts 1, 38, 40, and 170 Public Staff Roundtable on Elements of Regulation Automated Trading; Reopening of Comment Period


Roundtable and Comment Period Discussion Points

Opening Statements:

Statement of Commissioner J. Christopher Giancarlo

Statement of Commissioner Sharon Y. Bowen

Last Updated: June 15, 2016