FIA PTG News
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FIA PTG Position Paper - Regulation NMS: A Renewed Call for Reform
FIA Principal Traders Group advocates for targeted reforms to Regulation NMS, addressing its impact on costs, best execution, venue proliferation and the generation of complex order types. As feared at the time of adoption, these provisions have led to unimaginable increases in cost and complexity as a result of venue and order type proliferation as well as a narrow interpretation of best execution.
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FIA PTG Responds to FINRA Proposal to Extend TRF Hours
In a letter filed with the US Securities and Exchange Commission (SEC) today, the FIA Principal Traders Group (FIA PTG) supported FINRA's proposal to extend Trade Reporting Facilities (TRFs) operating hours and align them with current Securities Information Processors (SIP) hours. FIA PTG urged the SEC to approve the Proposal and to require both the TRFs and SIPs to continue to remain aligned as they expand their hours to accommodate expanded market hours.
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FIA PTG responds to SEC Crypto Task Force
Today the FIA Principal Traders Group (FIA PTG) provided written input to the US Securities and Exchange Commission (SEC) Crypto Task Force in response to their request for information.
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FIA PTG responds to FINRA TRACE transaction reporting proposal
In a letter filed with the US Securities and Exchange Commission, the FIA Principal Traders Group applauded FINRA for eliminating the harmful manual trade exception previously approved but never implemented, and encouraged FINRA to continue to improve the TRACE regime, including by shortening the reporting timeframe for all transactions.
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FIA PTG proposals to ensure proper governance and lower costs of CAT
In a letter filed with the Securities and Exchange Commission, the FIA Principal Traders Group said it supports the Commission's action to address spiralling Consolidated Audit Trail costs, promote accountability and fashion a reasonable governance framework for the CAT.
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FIA PTG responds to FINRA Rule Modernization Review
The FIA Principal Traders Group welcomes the opportunity to participate in the Modernization Review and commended FINRA for undertaking this worthwhile initiative.
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FIA PTG responds to CFTC request for comment on 24/7 trading and clearing
FIA PTG encouraged the CFTC to confer with the industry through roundtables and other open forums before making a determination to permit widespread 24/7 trading.
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FIA and FIA PTG respond to CFTC perpetual contracts request for comment
FIA and FIA PTG respond to CFTC perpetual contracts request for comment
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FIA PTG comments on transparency and sequencing of the Nasdaq Data Center Equalization Project
In a letter filed with the Securities and Exchange Commission (SEC) today, the FIA Principal Traders Group (FIA PTG) offered comments on Nasdaq's efforts to equalize telecommunications provider access and market participant connectivity across Nasdaq’s entire data center campus (the “Equalization Project
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FIA/FIA PTG respond to IOSCO AI consultation report
FIA and FIA PTG have responded to IOSCO’s Report titled Artificial Intelligence in Capital Markets: Use Cases, Risks, and Challenges
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