Learn more about the mission and work of FIA PTG:
Provide a forum for proprietary trading firms to identify and discuss issues confronting the PTG community
Define common positions on public policy issues and advance the group’s collective interests through FIA
- Improve public understanding of the constructive role played by proprietary trading firms in the exchange-traded equities and derivatives markets
- Promote cost-effective, transparent access to U.S. and non-U.S. markets.
- Continued emphasis on relationship building in 2018, with a focus on new senior staff members and Commissioners at the primary agencies (SEC and CFTC) and Treasury.
- Continue educational efforts for policymakers on Capitol Hill and at the regulatory agencies/departments about the principal trading market sector in general and about particular issues of interest to our group.
- Pursue additional representation on regulatory advisory committees of interest to members.
- Continue efforts on Capitol Hill to inform Members and Member offices of our regulatory positions.
- Specific regulatory initiatives including:
- Regulation AT (CFTC) and any other new rules and oversight of automated trading (CFTC and SEC)
- Rules related to changes in Treasury market structure (Treasury, Fed, CFTC, SEC)
- Rules related to broker-dealer and FINRA registration requirements for principal trading firms (SEC)
- Rules related to changes to equity market structure including Regulation NMS (SEC)
- Engagement with the SEC as the Equity Market Structure Advisory Committee transitions to a roundtable format
- Monitor the regulatory developments of cryptocurrencies and consider engagement where appropriate (CFTC, SEC, Administration)
- Engage the CFTC on upcoming proposals related to swap dealer registration
- Fair access to centrally traded and cleared OTC markets
- Capital requirements for Swap Dealers and Major Swap Participants and discussion of capital requirements for principal trading firms (CFTC, SEC, and Prudential Regulators)
- Position limits and aggregation of positions (CFTC)
- CCP recovery and resolution – variation margin gains haircutting, waterfall, other issues (CFTC)
- Monitor any developments on transaction tax (Administration)
- MAT process revisions (CFTC)