FIA PTG filed a letter of conditional support with the SEC for a proposed rule change by BATS regarding expedited suspension proceedings and preventing layering and spoofing.
The FIA Principal Traders Group sent a letter to the Financial Industry Regulatory Authority on June 19, 2015 expressing its support for the exemption from the Trading Activity Fee that FINRA has proposed for certain transactions executed by proprietary trading firms. The group offered several suggestions for modifying the scope of the proposal so that it is based on the nature of the transaction rather than the nature of the firm.
The FIA Principal Traders Group today issued the following statement in response to the issuance of several proposed rules by the Financial Industry Regulatory Authority.
The FIA Principal Traders Group participated in a wide-ranging discussion on equity market structure issues yesterday with members of the House Financial Services Committee and other market participants at a roundtable hosted by Rep. Scott Garrett (R-N.J.). FIA PTG’s representative, Patrick Hickey, head of market structure at Optiver US, emphasized the value of automated trading as a tool for market making and the importance of avoiding “one size fits all” solutions to market structure issues.
