FIA PTG responds to Brazilian Securities and Exchange Commission public hearing notice

1 July 2020

June 26, 2020 - In a letter filed today, the FIA Principal Traders Group (FIA PTG) responded to the Brazilian Securities and Exchange Commission (CVM) Public Hearing Notice SDM No. 9/19. The FIA PTG response addressed three aspects of the consultation:

  1.  self-regulatory organization (“SRO”) authority over investors with direct market access (“DMA investors”);
  2. best execution obligations; and
  3. block trading rules.

FIA PTG said that their Members account for a substantial percentage of the trading volume in Brazil, and as liquidity providers on leading financial markets they have unique insights into how market structure impacts investors.

  • Market Structure
  • Regulation
  • Trading
  • Public Policy Submissions