ICE Futures U.S. proposed to amend one of its rules to make clear that every person trading on the exchange is responsible to supervise its employees and agents. Under IFUS’s proposed amended rule, an agent would include an automated trading system. Under the amended rule, persons would also be responsible for the acts and omissions of such agents. Currently, IFUS’s rules regarding supervision only pertain to employees although the exchange claims that its rule amendment solely formalizes its existing expectations. IFUS’s proposed rule amendment is equivalent to a current CME Group interpretation that “agents include any automated trading systems operated by any party.” (Click here for background on CME Group’s interpretation in the article “CME Group Settles With Trading Firm for Spoofing-Type Offenses, Holding It Strictly Liable for Acts of Agents; Orders Disgorgement of Profits” in the December 9, 2016 edition of Bridging the Week.) IFUS’s proposed rule amendment is scheduled to be effective July 26.