FIA Principal Traders Group today released the following statement regarding the concept release on automated trading issued today by the Commodity Futures Trading Commission:
FIA PTG looks forward to reviewing the Commission¹s concept release. FIA PTG members strongly support a well-regulated marketplace and comprehensive and empirically driven approaches to regulatory reform. Consistent with our previous comments to the Commission, we urge a regulatory environment that promotes stability, limits systemic risks, and provides regulators with the tools they need to detect and deter abuses. These goals are consistent with fostering competition and enhancing transparency, which lowers costs for hedgers and investors of all sizes and types. We applaud the Commission¹s efforts to maintain market integrity and favor high standards of conduct and adherence to best practices by all market participants.