July 15, 2022 - In a letter filed today, the FIA Principal Traders Group (FIA PTG) responded to The Brazilian Securities and Exchange Commission (CVM) Resolution No. 135/2022 - Methodology for Definition of Block Trades. FIA PTG noted that there are certain scenarios where having the option to execute a trade as a block is important, but cautioned that minimum size thresholds must be set appropriately so as to safeguard the open, competitive, and transparent on-exchange execution process.
