[Federal Register Volume 77, Number 30 (Tuesday, February 14, 2012)]
[Notices]
[Page 8222]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-3409]


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COMMODITY FUTURES TRADING COMMISSION


Notice Requesting Nominations for the Subcommittee on Automated 
and High Frequency Trading

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice requesting nominations for the Subcommittee on Automated 
and High Frequency Trading within the Technology Advisory Committee.

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SUMMARY: The Commodity Futures Trading Commission (CFTC or Commission) 
is calling for nominations to the Subcommittee on Automated and High 
Frequency Trading (Subcommittee) under the auspices of the Technology 
Advisory Committee. The Subcommittee was established to develop 
recommendations regarding the definition of high frequency trading 
(HFT) in the context of the larger universe of automated trading. The 
definition of HFT is anticipated to serve as an initial step towards 
assessing the presence and impact of HFT in CFTC regulated markets for 
consideration of appropriate policy responses. The Subcommittee will 
report to the full Technology Advisory Committee. Developing a common 
definition of HFT and the characteristics of HFT will help inform the 
public debate as to the impact of such trading on markets under the 
jurisdiction of the CFTC. Regulators, markets, market participants, and 
the public will benefit from a common understanding of the activities 
and entities involved in HFT. All members of the Subcommittee will 
participate and consider possible criteria for inclusion in the 
definition of HFT within the context of automated trading systems (ATS) 
and suggest specific thresholds for each criterion. Nominations are 
sought for highly qualified representatives from industry, exchanges, 
academia, international regulatory and/or advisory bodies, groups 
representing interests or organizations involved in and/or affected by 
the development, design, and operation of ATS and HFT, and government 
agencies. Individuals seeking to be nominated to the Subcommittee 
should possess demonstrable expertise in a related field or represent a 
stakeholder of interest in the issue. Prospective nominees should be 
open to participating in an open public-private forum. Members of the 
Subcommittee will be appointed by a vote of the Commission as in 
accordance with the Federal Advisory Committee Act (FACA), 5 U.S.C. 
app. 2, and the charter of Technology Advisory Committee.

DATES: The final deadline for nominations is 14 days from the 
publication date of this notice.

ADDRESSES: Nominations should be sent to Andrei Kirilenko, Chief 
Economist, Office of the Chief Economist, U.S. Commodity Futures 
Trading Commission, 1155 21st Street NW., Washington, DC 20581.

FOR FURTHER INFORMATION CONTACT: Andrei Kirilenko, (202) 418-5587; fax: 
(202) 418-5660; email: [email protected].

SUPPLEMENTARY INFORMATION: The Subcommittee will be ongoing and will 
conduct at least three sessions in the calendar year 2012. The 
Subcommittee may prepare a series of reports, findings, and/or 
recommendations to the Technology Advisory Committee. The Technology 
Advisory Committee will consider submitted materials and determine 
whether and what recommendations to make to the Commission. 
Subcommittee participants will not be compensated or reimbursed for 
travel and per diem expenses. Each nomination submission should include 
the proposed member's name and organizational affiliation; a brief 
description of the nominee's qualifications and interest in serving on 
the Subcommittee; the organization, group, academic body, company or 
government agency the nominee would represent on the Subcommittee; and 
the curriculum vitae or resume of the nominee. Self-nominations are 
acceptable. The following contact information should accompany each 
submission: The nominee's name, address, phone number, fax number, and 
email address. There are no capital costs and no operating or 
maintenance costs associated with this notice.

David A. Stawick,
Secretary of the Commission.
[FR Doc. 2012-3409 Filed 2-13-12; 8:45 am]
BILLING CODE 6351-01-P