05.31.2016

CFTC Staff to Hold Roundtable on Certain Elements of Regulation AT

CFTC.com – Washington, DC — The Commodity Futures Trading Commission’s (CFTC or Commission) Division of Market Oversight announced today 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 and that arise during the roundtable. The additional comment period is intended to obtain public input solely on the specific topics listed in the agenda.

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 will be published shortly.  Please check www.cftc.gov for updates prior to the roundtable.

The roundtable will be open to the public, with seating on a first-come, first-served basis. Members of the public may also watch via webcast at www.cftc.gov, or listen by telephone. Call-in information will be provided shortly. Following the roundtable, a transcript of the proceedings will be posted on www.cftc.gov.

See Agenda under Related Links.

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