The Futures Industry Association and the FIA Principal Traders Group have yet again submitted comments to the Commodity Futures Trading Commission’s opposing what they describe as the overly prescriptive regulation of automated trading proposed by the Commission.
The comments were delivered in response to the supplemental notice of proposed rulemaking regarding Regulation AT. This is the third comment letter that the two industry bodies have submitted about this proposed regulation. FIA and FIA PTG also provided a detailed response to the Commission’s 2013 concept release on risk controls and system safeguards for automated trading environments.
As part of what it terms a continuing effort to foster a productive, data-driven discussion about the nature of liquidity and liquidity provision, FIA PTG has released a white paper entitled Liquidity in Today’s Markets that seeks to promote principles that it says are fundamental to building healthy, liquid markets.
The paper includes recommendations detailing what the association believes to be the general parameters necessary to promote liquidity, thereby establishing a basis for further discussion between market participants and regulators.