The Futures Industry Association (“FIA”) has submitted comments in response to the CFTC’s Concept Release on Risk Controls and System Safeguards for Automated Trading Environments. The response described the risk controls and system safeguards that are currently used in the futures industry, and outlined several principles that the CFTC should take into account as it considers establishing regulations with regard to those controls and safeguards. The letter also contained responses to specific questions posted by the CFTC in its concept release.
See: FIA Response to CFTC Concept Release; FIA Comment Letter.
Related news: CFTC Publishes Concept Release on Risk Controls and System Safeguards for Automated Trading Environments (Fed. Reg.) (September 16, 2013); CFTC Concept Release on Supervision and Regulation of Automated Trading (September 10, 2013).