Letter to Didier Millerot (Head of Unit D2, DG FISMA) by FIA European Principal Traders Association (FIA EPTA) concerning the European Banking Authority’s (EBA) technical advice to the European Commission on a new prudential regime for investment firms.
CONTINUE READINGComments from Piebe Teeboom, Secretary General of FIA EPTA, representing 30 independent proprietary trading investment firms operating in Europe, on the European Commission proposals on the new Prudential Regime for Investment Firms.
CONTINUE READINGFIA EPTA welcomes the European Commission’s legislative proposals for a Directive and a Regulation on the prudential supervision, and the prudential requirements, of investment firms.
CONTINUE READINGOn Nov. 21, FIA submitted a letter to the U.S. Internal Revenue Service asking for a delay in the implementation of its Section 871(m) regulations, which impose tax withholding requirements on equity derivatives traded by non-U.S. persons.
CONTINUE READINGRichard Gorelick comments that Flash Boys, the new book on U.S. equity markets by author Michael Lewis, focuses on “business models that benefit from scaring the public” and ignores the substantial benefits for investors that have come from advances in trading technology.
CONTINUE READINGClifford Asness and Michael Mendelson of AQR Capital Management, an investment management firm with $98 billion in assets under management, comment that much of the criticism of HFT is misguided and add that their firm has benefitted from the reduction in trade execution costs associated with the use of HFT for market-making.
CONTINUE READINGFIA European Principal Traders Association (FIA EPTA) is pleased to announce the appointment of Piebe Teeboom as Secretary General.
CONTINUE READINGOn 4 September 2017 FIA EPTA responded to the ESMA consultation on the evaluation for the Short-selling Regulation, in particular focusing on market making activities (MMA exemption).
CONTINUE READINGFIA European Principal Traders Association said it supports the overall direction and objectives of Germany’s proposed regulation on high-frequency trading.
CONTINUE READINGOn 2 February, FIA EPTA submitted a response on behalf of its 29 members to the European Banking Authority's (EBA) Discussion Paper on designing a new prudential regime for investment firms.
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