Press Releases
For press inquiries, contact us at FIAPR@fia.org or +1 202.772.3032
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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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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.
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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.
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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:
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