The Commodity Futures Trading Commission is requesting public comment on a rule amendment certification filing by ICE Futures U.S., Inc. (IFUS). As described in the certification, the proposed amendment to IFUS Rule 4.26 would allow for the implementation of Passive Order Protection (POP) Functionality, which is intended to reduce latency advantages between traders engaged in arbitrage strategies against related markets. The POP Functionality proposed by the certification would be implemented in the daily gold and silver futures markets.
Continue Reading CFTC Requests Public Comment on a Rule Amendment Certification Filing by ICE Futures U.S.

On June 14, the Commodity Futures Trading Commission (CFTC) announced that it had advised ICE Futures US (IFUS) that IFUS’s amendment to its Block Trade FAQ, which IFUS had previously self-certified to the CFTC pursuant to CFTC Regulation 40.6, would be stayed for a period of 90 days pending further review. The CFTC had determined that the amendment presented novel and complex issues that would require additional time to review and may be inconsistent with the Commodity Exchange Act (Act) and CFTC Regulations.
Continue Reading CFTC Seeks Comment With Respect to ICE Futures US Rule Amendment Certification