Press Releases
For press inquiries, contact us at FIAPR@fia.org or +1 202.772.3032
-
FIA PTG Comments on Calculation Methodology for Swaptions
On. Dec. 20, the FIA Principal Traders Group submitted comments to the Commodity Futures Trading Commission’s division of swap dealer and intermediary oversight regarding the methodology for calculating notional amount for certain options and swaptions that are traded over-the-counter. The calculation is part of the CFTC’s swap dealer definition, which requires firms whose trading activity is above certain thresholds to register as swap dealers.
CONTINUE READING -
FIA PTG and FIA EPTA File Joint Response to IOSCO Consultation Report on Technological Challenges to Effective Market Surveillance Issues and Regulatory Tools
The FIA Principal Traders Group and the FIA European Principal Traders Association filed a joint response to a consultation report issued by the International Organization of Securities Commissions regarding technological challenges to market surveillance. The associations agreed that surveillance tools need to change as markets become highly automated, emphasized that IOSCO should clearly distinguish between market abuse, which is illegal, and market disruptions, and provided several specific suggestions for improving market surveillance, such as enhancing and standardizing audit trails.
CONTINUE READING -
FIA PTG statement on Federal Reserve Bank of Chicago research paper
The following statement can be attributed to the Futures Industry Association Principal Traders Group (FIA PTG) regarding the Federal Reserve Bank of Chicago’s recently issued research paper concerning market safety and risk controls in high speed markets:
CONTINUE READING -
FIA PTG issues statement in connection with Senate Banking Subcommittee Hearing on Computerized Trading
The FIA Principal Traders Group issued the following statement in connection with a Sept. 20 hearing held by the Securities, Insurance, and Investment Subcommittee of the Senate Banking Committee entitled “Computerized Trading: What Should the Rules of the Road Be?” The following statement can be attributed to FIA PTG regarding the Senate Banking hearing:
CONTINUE READING -
FIA PTG and FIA EPTA issue statement in response to August 1st Market Disruptions
FIA Principal Traders Group and FIA European Principal Traders Association today issued the following joint statement in response to the disruptions that occurred in the U.S. equity markets on August 1.
CONTINUE READING -
RGM executive cautions CFTC on approach to regulating High Frequency Trading
Washington, D.C.--March 29, 2012--The Commodity Futures Trading Commission should rely on empirical evidence rather than “suspicion, emotion, rumor and anecdote” when designing new regulatory policies to address changes in the technology of trading, Richard Gorelick, the chief executive officer of RGM Advisors, said in a March 29 statement.
CONTINUE READING -
Special Report: CFTC examines High Frequency Trading
The Commodity Futures Trading Commission hosted a wide-ranging discussion of high-frequency trading at a meeting of its Technology Advisory Committee on March 29, 2012. CFTC Commissioner Scott O’Malia, who chairs the advisory committee, announced the formation of a subcommittee consisting of 24 experts from the private sector who will help the agency develop a definition of HFT and update its regulatory policies. During the discussion, representatives of Intercontinental Exchange and CME Group described their risk controls and surveillance systems in considerable detail. In addition, representatives of Getco and RGM Advisors gave their perspectives on the evolution of trading technology and their recommendations for how the CFTC should respond to the increase in automated trading.
CONTINUE READING -
FIA PTG and FIA EPTA issue recommendations for software development and change management
<div class="entity entity-paragraphs-item paragraphs-item-html-content" about typeof> <div class="content"> <div class="field field-name-txt-body field-type-text-long field-label-hidden"></div></div></div>
CONTINUE READING -
FIA PTG responds to CFTC effort to define HFT
Today, the FIA Principal Traders Group submitted a letter to the Commodity Futures Trading Commission in response to a request for comment on a proposed seven-part definition of high-frequency trading that was issued by CFTC Commissioner Scott O’Malia on Nov. 14.
CONTINUE READING -
FIA PTG and FIA EPTA provide regulators with views on the impact of technological changes on market integrity and efficiency
The FIA Principal Traders Group and the FIA European Principal Traders Association today released their joint response to a consultation report issued by the International Organization of Securities Commissions seeking public input on the impact of technological changes on market integrity and efficiency.
CONTINUE READING
