Press Releases
For press inquiries, contact us at FIAPR@fia.org or +1 202.772.3032
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FIA PTG Statement on Launch of SEC Public MIDAS Data Website
The FIA Principal Traders Group released the following statement supporting the release of the SEC MIDAS database:
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FIA PTG asks SEC to suspend ISE rule change
The FIA Principal Traders Group asked the Securities and Exchange Commission on Oct. 7 to suspend a rule change proposed by the International Securities Exchange that establishes a continuing education program for proprietary traders. The rule change requires trading permit holders to develop a continuing education requirement for their employees that meets the ISE’s Firm Element requirement, which is designed for firms that handle customer orders and addresses issues such as suitability and sales practices. The FIA PTG argued that this obligation does not make sense for proprietary trading firms that do not trade on behalf of customers. The FIA PTG also noted that the rule change was not submitted properly to the SEC and was not made available for public comment.
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FIA PTG statement on Government Release of Market-Moving Data
The FIA Principal Traders Group issued a statement on Oct. 2 urging U.S. federal agencies to clarify the procedures by which they release market-moving data. FIA PTG said greater transparency would improve public confidence in the fairness and integrity of the release process and help to prevent misunderstandings and confusion:
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FIA PTG statement issued in connection with today's CFTC TAC meeting
FIA PTG issued the following statement regarding today’s U.S. Commodity Futures Trading Commission (CFTC) Technology Advisory Committee (TAC) meeting. The statement is attributable to Jim Overdahl, Delta Strategy Group, on behalf of FIA PTG:
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FIA PTG statement on CFTC Concept Release on Automated Trading
FIA Principal Traders Group today released the following statement regarding the concept release on automated trading issued today by the Commodity Futures Trading Commission:
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FIA PTG comments on SEC Market Resiliency Proposal, Reg SCI
Principal Traders Group released the following statement today regarding the Securities and Exchange Commission’s Reg SCI proposal.
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FIA PTG Responds to Proposed CBOE Rule, Requests More SEC Analysis
FIA Principal Traders Group submitted a comment letter on June 5 to the Securities and Exchange Commission in response to CBOE’s proposed rule that would require trading permit holders to create and maintain a business continuity plan.
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FIA Principal Traders Group Responds to Wall Street Journal Article Alleging “Loophole” at CME
The Futures Industry Association Principal Traders Group issued the following response to an article in today's Wall Street Journal alleging that high-frequency traders are taking advantage of a "loophole" in the CME Group's market data systems.
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FIA elects Directors and Officers
The Futures Industry Association today announced the election of board directors at its annual meeting in Boca Raton, Fla. Fourteen directors were elected in total at the meeting, including eight regular member directors for two-year terms; one regular member director for a one-year term; and five associate member directors for a two-year terms. Following the election, the new board elected the association’s officers and public directors.
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FIA PTG responds to SEC interest in Drop Copy Mechanism
Representatives of several member firms of the FIA Principal Traders Group met with the Securities and Exchange Commission in November to discuss issues related to risk management and market integrity.
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