Press Releases
For press inquiries, contact us at FIAPR@fia.org or +1 202.772.3032
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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:
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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.
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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.
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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.
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FIA PTG and FIA EPTA issue recommendations for software development and change management
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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.
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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.
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FIA PTG responds to joint CFTC-SEC advisory committee recommendations
The FIA Principal Traders Group today issued the following statement in response to the release of the Joint CFTC-SEC Advisory Committee’s recommendations regarding regulatory responses to the market events of May 6, 2010.
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Special Report: CFTC Seeks Comment on "Disruptive Trading Practices"
The Commodity Futures Trading Commission held a public meeting on Oct. 26 to consider a number of rulemakings related to the Dodd-Frank Act. During the meeting the CFTC approved for publication an “advanced notice of proposed rulemaking” to implement a provision in Dodd-Frank that authorizes the CFTC to prohibit trading practices that are “disruptive of fair and equitable trading.” The notice is essentially a formal request for information to help guide the CFTC staff as they implement the prohibition. The notice asked for comment on 19 specific questions, including what rules should be applied to algorithmic trading systems and whether executing brokers should have an obligation to ensure that
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FIA PTG Retains Jim Overdahl as Spokesperson
The FIA Principal Traders Group announced today that Jim Overdahl has been retained to act as the group’s spokesman. He will be responsible for articulating the group’s views on public policy issues and improving public understanding of the role played by principal trading firms in the financial and commodity markets.
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