The FIA Principal Traders Group released the following statement supporting the release of the SEC MIDAS database:
With the implementation of this new public website, FIA PTG welcomes Chairman White’s announcement that the U.S. Securities and Exchange Commission’s (SEC) MIDAS tool will be used to help publicly address perceptions and issues concerning automated trading and market structure. Our members believe that many of the current market structure issues confronting the SEC involve empirical questions best resolved with data and analysis, and we support efforts by Chairman White to improve public understanding and broaden discussion through data-driven evaluation and action.
