FIA PTG News
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FIA PTG comments further on proposed swap dealer capital requirements
In a letter submitted to the CFTC today, FIA PTG welcomed the finalization of the capital requirements for Swap Dealers with the following suggested modifications for non-bank Swap Dealers:
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FIA PTG supports CFTC proposal to prohibit post-trade name give-ups in cleared swaps
In a letter submitted to the CFTC today, FIA PTG supported the Commission’s proposal to prohibit the practice of post-trade name give-up for swaps that are anonymously executed on a Swap Execution Facility and are intended to be cleared.
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FIA PTG encourages the SEC to reject IEX Discretionary Limit Order Type Proposal
In a letter submitted to the SEC today, the FIA Principal Traders Group encouraged the Commission to disapprove the proposal.
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FIA PTG supports SEC proposal to rescind effective-upon-filing procedure for NMS plan fee amendments
In a letter filed with the Securities and Exchange Commission (SEC) today, the FIA Principal Traders Group (FIA PTG) concurred with the SEC that the current effective-upon-filing procedure for NMS plan fee amendments should be rescinded and replaced with the standard fee amendment process which allows for public comment before becoming effective.
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FIA PTG again opposes Cboe EDGA proposal to introduce liquidity provider protection
In a letter filed with the Securities and Exchange Commission (SEC) today, the FIA Principal Traders Group (FIA PTG) again urged the SEC not to approve EDGA’s proposal to introduce an asymmetric speed bump.
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FIA PTG comments on client participation in CCP default management auctions
The FIA Principal Traders Group issued a response to the client participation questions in the CPMI-IOSCO discussion paper on CCP default auctions.
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FIA PTG opposes Cboe EDGA proposal to introduce liquidity provider protection
In a letter filed with the Securities and Exchange Commission (SEC) today, the FIA Principal Traders Group (FIA PTG) urged the SEC not to approve EDGA’s proposal to introduce an asymmetric speed bump. FIA PTG said they remain opposed to artificial latency mechanisms of all kinds and are not aware of any data showing that speed bumps result in material improvements to market quality or benefit end investors.
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The time for reform is now
For years, FIA PTG and others have been calling for equity market structure review and reform.
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FIA PTG opposes FINRA Proposed Pilot Program to Study Recommended Changes to Corporate Bond Block Trade Dissemination
In a letter submitted to FINRA today, FIA PTG opposed delaying the reporting of block transactions in corporate bonds for 48 hours and the proposed pilot to test the impact of the delay.
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FIA PTG Response to CFTC's Division of Market Oversight Statement on the Certification of ICE Futures U.S. Passive Order Protection Functionality
The FIA Principal Traders Group issued the following comment in response to the Commodity Futures Trading Commission’s Division of Market Oversight statement on the ICE Futures U.S. Passive Order Protection functionality:
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