Equity Market Structure
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FIA PTG comments on SEC market data infrastructure proposal
In a letter submitted to the SEC today, the FIA Principal Traders Group (FIA PTG) supported the goals of the Market Data Infrastructure Proposal to update and expand the information included in the Securities Information Processor (SIP) and to move to a decentralized consolidation model.
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FIA PTG again encourages the SEC to reject IEX Discretionary Limit Order Type Proposal
April 23, 2020 - In a letter submitted to the SEC today, the FIA Principal Traders Group encouraged the Commission to disapprove the Proposal citing among other things that:
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FIA PTG encourages the SEC to reject IEX Discretionary Limit Order Type Proposal
In a letter submitted to the SEC today, the FIA Principal Traders Group encouraged the Commission to disapprove the proposal.
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FIA PTG supports SEC proposal to rescind effective-upon-filing procedure for NMS plan fee amendments
In a letter filed with the Securities and Exchange Commission (SEC) today, the FIA Principal Traders Group (FIA PTG) concurred with the SEC that the current effective-upon-filing procedure for NMS plan fee amendments should be rescinded and replaced with the standard fee amendment process which allows for public comment before becoming effective.
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FIA PTG again opposes Cboe EDGA proposal to introduce liquidity provider protection
In a letter filed with the Securities and Exchange Commission (SEC) today, the FIA Principal Traders Group (FIA PTG) again urged the SEC not to approve EDGA’s proposal to introduce an asymmetric speed bump.
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FIA PTG opposes Cboe EDGA proposal to introduce liquidity provider protection
In a letter filed with the Securities and Exchange Commission (SEC) today, the FIA Principal Traders Group (FIA PTG) urged the SEC not to approve EDGA’s proposal to introduce an asymmetric speed bump. FIA PTG said they remain opposed to artificial latency mechanisms of all kinds and are not aware of any data showing that speed bumps result in material improvements to market quality or benefit end investors.
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FIA PTG again encourages the SEC to reject IEX Discretionary Peg Order Proposal
In a letter submitted to the SEC today, FIA PTG again encouraged the Commission to reject IEX’s proposal to modify the resting price of its Discretionary Peg Order type.
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FIA PTG encourages the SEC to reject IEX Discretionary Peg Order Proposal
In a letter submitted to the SEC today, FIA PTG encouraged the Commission to consider the impact and overall fairness of this mechanism, which proposes to modify the resting price of its Discretionary Peg Order type, on any displayed protected quotes on IEX.
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FIA PTG proposes actionable reforms to U.S. equity market structure
In a paper released today, the FIA Principal Traders Group recommends practical reforms to SEC Regulation NMS.
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FIA PTG Supports Market Data Petition
FIA PTG submitted a letter to the SEC today in support of the Managed Funds Association (MFA) - Alternative Investment Management Association (AIMA) Petition for Rulemaking Regarding Market Data Fees and Request for Guidance on Market Data Licensing Practices; Investor Access to Market Data.
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