Washington, D.C.—Dec. 16, 2014—The FIA Principal Traders Group announced the release of a new analytical series called Whiteboard. As an advocate for data-driven decision-making, FIA PTG developed Whiteboard to demonstrate how the application of data and rigorous analysis can illuminate the complex questions and issues confronting our industry.
CONTINUE READINGThe following statement can be attributed to the Futures Industry Association Principal Traders Group (FIA PTG) regarding the SEC roundtable:
CONTINUE READINGThe FIA Principal Traders Group today issued the following statement in response to the issuance of several proposed rules by the Financial Industry Regulatory Authority.
CONTINUE READINGThe 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.
CONTINUE READINGThe FIA Principal Traders Group today issued the following statement in response to recent remarks on U.S. equity market structure issues by Mary Jo White, the chair of the Securities and Exchange Commission.
CONTINUE READINGThe FIA Principal Traders Group issued the following statement in anticipation of the release of "Flash Boys", a book by Michael Lewis that describes some of the recent developments in electronic trading and market structure in the U.S. equity markets:
CONTINUE READINGThe undersigned financial services trade associations, based in the US and Europe, today issued the following statement in support of a Transatlantic Trade and Investment Partnership (TTIP) that includes financial services regulatory coordination, in advance of the March 26 EU-US Summit attended by US President Barack Obama, European Council President Herman Van Rompuy and European Commission President José Manuel Barroso:
CONTINUE READINGFIA today announced the election of board directors at its annual meeting in Boca Raton, Fla. Fifteen directors were elected in total at this meeting, including eight regular member directors for two-year terms; two regular member directors for one-year terms; four associate member directors for two-year terms; and one associate member director for a one-year term. Following the election, the new board elected the association’s officers and public directors.
CONTINUE READINGThe FIA Principal Traders Group submitted a comment letter to the Securities and Exchange Commission on Jan. 6, 2014 in response to a FINRA proposed rule change relating to self-trades.
CONTINUE READINGThe FIA Principal Traders Group filed a comment letter with the Securities and Exchange Commission regarding a proposed rule filing by the Chicago Board Options Exchange. The proposed rule would require all CBSX permit holders to become FINRA members. The FIA PTG said the proposed rule would be costly and burdensome without commensurate benefit to the market, and suggested a simpler and more direct alternative: It is more appropriate for CBOE to obtain what they require to enforce federal rules by contracting with FINRA as other exchanges do.
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