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FIA Principal Traders Group

The FIA Principal Traders Group is an association of firms that trade their own capital on exchanges in futures, options and equities markets worldwide. FIA PTG advocates for open access to markets, transparency, and data-driven policy.

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Electronic Trading

FIA, FIA PTG, and FIA EPTA members are working to educate the public on the benefits of automated trading, provide policymakers with expert feedback on regulatory proposals, and promote best practices in risk controls.

August 24, 2020 CONTINUE READING
FIA PTG urges SEC to reject proposed CAT funding model
July 14, 2023 CONTINUE READING
FIA PTG Responds to SEC Equity Market Structure Reform Proposals
March 31, 2023 CONTINUE READING
FIA PTG responds to FTC Non-Compete Clause Rulemaking
April 19, 2023 CONTINUE READING
FIA PTG responds to SEC Dealer Definition Proposal
May 27, 2022 CONTINUE READING

News

  • FIA PTG, FIA EPTA support IOSCO efforts to develop digital assets framework

    The FIA European Traders Association (FIA EPTA) and the FIA Principal Traders Group (FIA PTG) have responded to the Board of the International Organization of Securities Commissions (IOSCO) Crypto and Digital Asset Markets Consultation.

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  • FIA PTG urges SEC to reject proposed CAT funding model

    In a letter filed with the US Securities and Exchange Commission (SEC) in response to the Amendment to the National Market System Plan Governing the Consolidated Audit Trail (CAT), the FIA Principal Traders Group (FIA PTG) urged the SEC to reject the latest proposed Funding Model. FIA PTG said the CAT requires a fundamental change to its governance and transparency model.

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  • FIA PTG Responds to Regulation Systems Compliance and Integrity Expansion Proposal

    In a letter filed today with the US Securities and Exchange Commission in response to the Regulation Systems Compliance and Integrity Expansion Proposal (Reg SCI), the FIA Principal Traders Group (FIA PTG) said that the SEC has not justified expanding Reg SCI to broker-dealers nor has it adequately considered alternatives and the impact on competition.

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  • FIA PTG Responds to SEC Cybersecurity Risk Management Proposal

    In a letter filed today with the Securities and Exchange Commission (SEC) in response to the Risk Management Proposal, the FIA Principal Traders Group (FIA PTG) recommended that the SEC prioritize critical operations as focus of rule scope and requirements; take into account firm attributes, market structure and service provider due diligence mechanisms as part of reasonably designed policies and procedures; leverage the Financial Services Information Sharing and Analysis Center (FS-ISAC) for incident reporting and threat analysis; eliminate public disclosure requirements and associated risk in favor of Reg S-P customer notifications; and address implementation and enforcement concerns in the adopting release.

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  • FIA PTG responds to FTC Non-Compete Clause Rulemaking

    In a letter filed today with the Federal Trade Commission, the FIA Principal Traders Group responded to the proposed Non-Compete Clause Rulemaking which would effectively prohibit the use of non-compete clauses. FIA PTG cautioned that proprietary software, and the innovative source code that runs it, is key to many FIA PTG members’ success as liquidity providers. Accordingly, this Proposal if implemented as proposed would limit their ability to protect their intellectual property from disclosure to competitors and potentially jeopardize the liquidity they are able to provide.

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  • FIA PTG Responds to TSX Alpha Exchange Proposed Amendments to add Additional Order Books

    In a letter filed with TMX Group, the FIA Principal Traders Group (FIA PTG) commented on Alpha Exchange’s recently proposed amendments to their Alpha Trading Policy Manual to introduce two new order books and to make changes to their order processing delay. 

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