February 13, 2019

CFTC Requests Public Comment on a Rule Amendment Certification Filing by ICE Futures U.S.

Washington, DC — The Commodity Futures Trading Commission (CFTC) is requesting public comment on a rule amendment certification filing by ICE Futures U.S., Inc. (IFUS). The amendment to IFUS Rule 4.26 would allow for the implementation of Passive Order Protection (POP) Functionality. As described in the certification, POP Functionality is intended to reduce latency advantages between traders engaged in arbitrage strategies against related markets. The POP Functionality would be implemented in the Gold Daily and Silver Daily futures markets. Comments must be submitted on or before March 15, 2019.

CFTC’s Division of Market Oversight has determined to stay IFUS Submission No. 19-119 (February 1, 2019) pursuant to Section 5c(c)(2) of the Commodity Exchange Act (CEA) and CFTC Regulations 40.6(c) and 40.7(a)(2). This determination was made because the submission presents novel or complex issues that require additional time to analyze and may be inconsistent with the CEA or CFTC regulations. The CFTC has 90 days or until May 14, 2019 to review the submission.

Comments may be submitted electronically through the CFTC’s Comments Online Process. All comments will be posted on the CFTC’s website. The IFUS submission is available under Industry Filing.