Timeline, Interpretive Guidance on Disruptive Practices
| Proposal Date
|| Comment Deadline
|| Final Rule Issue
| March 18, 2011
|| May 17, 2011
|| May 16, 2013
On February 24, 2011, the CFTC held an open meeting on the Twelfth Series of Proposed Rules under the Dodd-Frank Act. Among the topics at this meeting was an interpretive order proposal regarding disruptive trading practices. The proposal defines as disruptive any practice that:
- violates bids or offers;
- demonstrates intentional or reckless disregard for orderly execution; or
- is of the character of, or is commonly known to the trade as, “spoofing” (bidding or offering with the intent to cancel the bid or offer before execution).
Related Documents: Fact Sheet, Q&A, and Proposed Order as it Appeared in the Federal Register
- ↑ Open Meeting on Twelfth Series of Proposed Rules under the Dodd-Frank Act. CFTC. Retrieved on February 26, 2011.