FIA Principal Traders Group submitted a comment letter on June 5 to the Securities and Exchange Commission in response to CBOE’s proposed rule that would require trading permit holders to create and maintain a business continuity plan.
FIA PTG said that while it strongly supports the underlying principles of the rule (SR-CBOE-2013-045), it does not believe the SEC should approve it without further clarification of what the rule will require of CBOE members and an analysis of the costs and benefits of the requirements.
