CFTC Extends Comment Period for Reg. AT

The CFTC extended the comment period to May 1, 2017 for the Supplemental Notice of Proposed Rulemaking (“SNPRM”) for Regulation Automated Trading. Prior to the extension, the SNPRM was scheduled to expire on January 24, 2017. The SNPRM modifies certain aspects of the proposed rulemaking for Regulation AT, which was published in the Federal Register on December 17, 2015.

Lofchie Comment: Given CFTC Chair J. Christopher Giancarlo’s concern over the rights of market participants to protect their intellectual property, comments on Regulation AT should be read with an open mind.