FIA PTG responds for the third time to FINRA proposal to add IntelligentCross ATS to the Alternative Display Facility

31 October 2023

In a letter filed with the US Securities and Exchange Commission (SEC), the FIA Principal Traders Group (FIA PTG) again opposed a proposal to add IntelligentCross ATS as a new entrant to FINRA’s Alternative Display Facility.

Citing analysis of market data from earlier this month, FIA PTG reiterated their concerns with granting protected quote status to IntelligentCross without further exploration and discussion.

Read the full comment letter here.

  • PTG
  • Equity Market Structure