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Advocating for open access to markets, transparency, and data-driven policy.

Our Mission

To unite principal trading firms in addressing shared challenges, shaping sound public policy, promoting understanding of their positive market role, and advocating for fair, transparent, and cost-effective global market access.

Our Members

Membership in PTG is limited to firms trading their own capital. Members provide essential liquidity and facilitate price discovery, both critical to well-functioning markets.

PTG Leadership

W. Graham Harper

DRW Trading

President

Joanna Mallers

PTG

Secretary/Treasurer

Rob Creamer

Geneva Trading

Director

Matt Haraburda

XR Trading

Director

Adam Nunes

Hudson River Trading

Director

Jonah Platt

Citadel Securities

Director

Daniel Reicher

Jump Trading

Director

Liam Smith

Optiver US

Director

Committees & Working Groups

PTG committees & working groups underpin all advocacy efforts, discussing key issues, informing policy perspectives, and engaging with external stakeholders. 

  • 13f-2 Reporting

  • 24-7 Trading

  • 25G Migration

  • AI

  • CAT Implementation

  • Compliance Networking

  • Cyber

  • Digital Assets

  • Event Contracts and Prediction Markets

  • Equity Market Structure

  • Equity Options

  • Finance

  • FTC Non-Compete Proposal

  • Liquidity

  • Market Access

  • OPR Review

  • Perpetual Contracts

  • Reg SHO Reform

  • Taxes and User Fees

  • Treasury Market Structure

Inactive Groups

  • Automated Trading

  • Batch Auctions

  • Block Trades

  • CCP Default Auctions Working Group

  • CFTC Concept Release

  • CFTC Reauthorization

  • Cyber Risk

  • Cybersecurity

  • Diversity

  • Drop Copy White Paper

  • Exchange Market Data Dissemination

  • Exchange Risk Controls Survey

  • Expansion of Regs ATS and SCI Proposal Working Group

  • FINRA Algo AP Registration Proposal

  • FINRA Corporate Block Reporting Proposed Pilot

  • FINRA Registration

  • FINRA Rule Book Review

  • FINRA TAF Exemption Proposal

  • Implied Pricing

  • Market Data License Agreements

  • Market Data Working Group

  • New Member Recruiting

  • Operations

  • Response to Joint Staff Report on the U.S. Treasury Market on Oct. 15, 2014

  • Returning-to-the-Workplace Issues

  • SEC Reg-SCI Proposal

  • SEC Required FINRA Membership Proposal

  • Securities Clearing House Risk Management Review

  • SEF Rule Proposal 2018

  • Self-Match Prevention

  • Self-Match Prevention Technology Standards

  • Software Development White Paper

  • Swap Dealer Capital

  • Swaption National Value Computation Methodology

  • Tax Reform 2017

  • Trading Technology Standards Group

PTG Annual Reports

2025 marked 15 years of PTG. Through thoughtful discussions on the most pressing issues facing today's markets, PTG delivered on a robust agenda that included more than a dozen comment letters, amicus briefs, and position papers. 

Contact

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©2026 PTG

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