Equity Market Structure
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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 responds to SEBI consultation paper on final settlement day for equity derivatives
FIA has responded to SEBI’s Consultation Paper on the Final Settlement Day for Equity Derivatives. FIA acknowledges and supports SEBI’s stated objectives of enhancing market stability, improving predictability, and promoting orderly market functioning through a more structured approach to contract expiries.
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FIA PTG comments on IEX Options Exchange proposal
In a letter filed with the Securities and Exchange Commission, the FIA Principal Traders Group has raised concerns about Investors Exchange's plans to operate a new options exchange (IEX Options) as a fully automated trading system built on the core functionality of the IEX equities platform.
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FIA PTG urges the SEC to ensure Nasdaq equalizes all co-location data center latencies
In a letter filed with the Securities and Exchange Commission (SEC), the FIA Principal Traders Group (FIA PTG) urged the SEC to take the following actions to ensure equalization of the entire Nasdaq collocation campus (NY11 and NY11-4) is completed expeditiously.
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FIA PTG Comments Again on Application of 24X National Exchange LLC for Registration as an Exchange
In a letter filed with the Securities and Exchange Commission (SEC), the FIA Principal Traders Group (FIA PTG) commented again on the application of 24X National Exchange LLC for registration as a national securities exchange.
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FIA PTG Comments on OCC Margin Add-On Proposal
In a letter filed with the Securities and Exchange Commission (SEC), the FIA Principal Traders Group (FIA PTG) responded to the Option Clearing Corporation (OCC) Proposal to establish a margin add-on charge to help mitigate the risks of zero-days-to-expiration (0TED) options.
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FIA PTG Comments on Application of 24X National Exchange LLC for Registration as an Exchange
In a letter filed with the Securities and Exchange Commission (SEC) today, the FIA Principal Traders Group (FIA PTG) responded to the SEC’s institution of proceedings in connection with 24X National Exchange’s (24X) application for registration as a national securities exchange.
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FIA PTG responds to Nasdaq Cabinet Proximity Option Program Proposals
In a letter filed with the Securities and Exchange Commission (SEC), the FIA Principal Traders Group (FIA PTG) urged the SEC to disapprove Nasdaq’s proposed rule changes to Expand the Cabinet Proximity Option Program and to Establish a Reservation Fee. FIA PTG raised three principal concerns with respect to the Proposed Rule Changes all in connection with Nasdaq’s existing data center facilities in Carteret, NJ (NY11) and Nasdaq’s new facility under construction just to the north of NY11 (NY11-4).
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FIA PTG responds to SRO CAT Fee Filings
In a letter filed with the Securities and Exchange Commission (SEC) today, the FIA Principal Traders Group (FIA PTG) urged the SEC to disapprove the self-regulatory organizations’ (“SRO”) proposed rule changes to Establish Fees for Industry Members Related to Certain Historical Costs of the National Market System Plan Governing the Consolidated Audit Trail (the “CAT Fee Filings”) incurred by the SROs prior to January 1, 2022.
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