Comment Text:
Ms. Melissa D. Jurgens,
Secretary of the Commission,
Commodity Futures Trading Commission
Three Lafayette Centre
1155 21st Street NW.
Washington, DC 20581.
Re: CFTC Concept Release – Risk Controls and System Safeguards for Automated Trading Environments RIN 3038-AD52
Dear Ms. Jurgens:
We are pleased to provide you with our comments and views about the CFTC’s recent concept release for Risk Controls and System Safeguards for Automated Trading Environments
Tellefsen and Company, L.L.C. (“TCL”) supports the concept of Risk Controls and System Safeguards for Automated Trading Environments as a mechanism to improve risk management in our nation’s derivatives and futures markets, and instill investor confidence and faith in our industry’s ability to appropriately mitigate technological and operational risks.
We would be pleased to continue the dialogue with you and other industry constituents. We will be available for any follow up questions or to discuss the state of industry sound practices in this area.
Very truly yours,
John J. Rapa
John J. Rapa, CBCP TELLEFSEN AND COMPANY, L.L.C.
President/Chief Executive Officer
