Pursuant to 5
CFR 1320.11(c), OMB files this comment on this information
collection request (ICR. The agency shall examine public comment in
response to the NPRM and will describe in the supporting statement
of its next collection any public comments received regarding the
collection as well as why (or why it did not) incorporate the
commenter’s recommendation. The next submission to OMB must include
the draft final rule.
Inventory as of this Action
Requested
Previously Approved
06/30/2019
36 Months From Approved
06/30/2019
78,307
0
78,307
7,525
0
7,525
49,500
0
49,500
Regulation Automated Trading is NOT
being submitted today; Regulated Automated Trading SUPPLEMENTAL is
being submitted. In Regulation Automated Trading, Commission seeks
to update Commission rules in response to the evolution from pit
trading to electronic trading. The risk controls and other rules
proposed in the NPRM and the Supplemental NPRM are focused on
algorithmic order origination or routing by market participants,
and electronic order execution by DCMs. In addition to mitigating
risks arising from algorithmic trading activity, the proposed rules
are intended to increase transparency around DCM electronic trade
matching platforms and the use of self-trade prevention tools on
DCMs. Furthermore, the proposed rules are intended to foster
transparency with respect to DCM programs and activities, including
market maker and trading incentive programs, that have become more
prominent as automated trading becomes the dominant market model.
The proposal being submitted is a Supplement to the Automated
Trading proposal, which is not yet final. Proposed § 1.3(x)(1)(iii)
would require certain floor traders that have Direct Electronic
Access,engage in Algorithmic Trading, and satisfy a volume
threshold test, to prepare and submit forms to register with the
Commission. The collection of information is necessary to determine
fitness for registration under the Act and to prevent and mitigate
risks arising from algorithmic trading activity. The obligations
created by the proposed rules are essential to avoid prevent
disruptions to market integrity, avoid systemic risk and promote
responsible innovation and fair competition among boards of trade,
other markets and market participants.
Burden hours will increase due
to an increase in the number of persons expected to apply for and
maintain registration. Proposed § 1.3(x)(1)(iii) will create an
additional category of registrants.
$0
No
No
No
Yes
No
Uncollected
Gail Scott 202 418-5139
gscott@cftc.gov
No
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.