CFTC Requests Public Comment on a Rule Amendment Certification Filing by IFUS


On February 13, the Commodity Futures Trading Commission (“CFTC“) requested public comment on a rule amendment certification filing by ICE Futures U.S., Inc. (“IFUS“). The amendment to IFUS Rule 4.26 would allow for the implementation of Passive Order Protection (“POP“) Functionality. As described in the certification, POP Functionality is intended to reduce latency advantages between traders engaged in arbitrage strategies against related markets. The POP Functionality would be implemented in the Gold Daily and Silver Daily futures markets. Comments must be submitted on or before March 15. Release.