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Equity Market Structure

FIA PTG advocates for open access to markets, transparency and data-driven policy and regularly engages on equity market structure issues in pursuit of these goals.

  • FIA PTG responds to Nasdaq PHLX proposal to add additional order types

    In a letter filed with the US Securities and Exchange Commission, the FIA Principal Traders Group (FIA PTG) opposed Nasdaq PHLX’s proposal to establish new “Contra Midpoint Only” and “Contra Midpoint Only with Post-Only” order types. 

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

    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.

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  • FIA PTG urges SEC to reject proposed CAT funding model

    In a letter filed with the US Securities and Exchange Commission (SEC) in response to the Amendment to the National Market System Plan Governing the Consolidated Audit Trail (CAT), the FIA Principal Traders Group (FIA PTG) urged the SEC to reject the latest proposed Funding Model. FIA PTG said the CAT requires a fundamental change to its governance and transparency model.

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  • FIA PTG Responds to Regulation Systems Compliance and Integrity Expansion Proposal

    In a letter filed today with the US Securities and Exchange Commission in response to the Regulation Systems Compliance and Integrity Expansion Proposal (Reg SCI), the FIA Principal Traders Group (FIA PTG) said that the SEC has not justified expanding Reg SCI to broker-dealers nor has it adequately considered alternatives and the impact on competition.

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