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On September 12, 2013, the Commission published a Concept Release on Risk Controls and System Safeguards for Automated Trading Environments ("Concept Release").  The Concept Release addressed the evolution from human-centered to automated trading environments and sought comment on a series of pre-trade risk controls, post-trade measures, system safeguards, and other protections.  The comment period closed on December 11, 2013, reopened on January 21, 2014, and extended through February 14, 2014. Staff considered comments on the Concept Release and is considering next steps for regulatory action in this area, including the possibility of a Notice of Proposed Rulemaking in one or more areas discussed in the Concept Release.