Federal Register: Proposed Interpretive Order on Disruptive Trading Practices
|FINAL RULE: This page refers to the proposed rulemaking on disruptive trading practices. For a summary of the interpretive guidance of May 2013, click here.|
|Proposal Date||Comment Deadline||Effective Date|
|March 18, 2011||May 17, 2011||May 28, 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.