January 17, 2014

CFTC Reopens Comment Period for Concept Release on Risk Controls and System Safeguards for Automated Trading Environments

Washington, DC — The U.S. Commodity Futures Trading Commission (Commission) announced today that it will reopen the comment period for its Concept Release on Risk Controls and System Safeguards for Automated Trading Environments (Concept Release).

The new comment period opens on January 21, 2014 and extends through February 14, 2014.

The Concept Release was originally published in the Federal Register on September 12, 2013, with a comment period that ended on December 11, 2013. It provides an overview of the automated trading environment, including its principal actors, potential risks, and responsive measures taken to date by the Commission or industry participants. It also discusses a series of (1) pre-trade risk controls; (2) post trade reports and other measures; (3) system safeguards related to the design, testing and supervision of automated trading systems (ATSs); and (4) additional protections designed to promote safe and orderly markets. In each case, the Commission seeks extensive public comment regarding these measures, including 124 enumerated questions on measures and safeguards discussed in the Concept Release.

Comments may be submitted electronically through the CFTC’s Comments Online process. All comments will be posted on the CFTC’s website.

Last Updated: January 27, 2014