Latest News
Read the latest about how PTG is addressing key topics like digital assets, electronic trading, equity market structure, and Treasury market structure.
Apr 15, 2026
PTG Comments Again on Cboe Disruptive Trading Rule Proposal
In a letter filed with the Securities and Exchange Commission (SEC) today, PTG commends the SEC for suspending and instituting proceedings on Cboe’s proposed Rule 8.23, which is intended to clarify what constitutes prohibited order and quote activity; but expresses concern that the proposal, as drafted, fails to achieve that goal.
Feb 27, 2026
PTG Comments on Cboe Disruptive Trading Rule Proposal
PTG encourages Cboe to withdraw the Proposal for immediate effectiveness and instead file the rule change with the Commission subject to public notice and comment. To the extent Cboe declines to withdraw the proposed rule change, PTG encourages the Securities and Exchange Commission (SEC) to abrogate it.
Nov 26, 2025
PTG Responds to Request for Input on Use of Tokenized Collateral Including Stablecoins in Derivatives Markets
PTG said they strongly support the CFTC's consideration of tokenized collateral, particularly payment stablecoins that meet the robust standards outlined in the GENIUS Act signed into law this year. PTG believes appropriately regulated tokenized collateral represents a transformative opportunity to enhance market efficiency, reduce settlement risks, and strengthen the global competitiveness of U.S. derivatives markets.
Nov 24, 2025
PTG Responds to Latest CAT Funding Model
In a letter filed with the SEC, PTG urged the Commission to reject the 2025 Funding Proposal, saying that the proposal flies in the face of the 11th Circuit’s decision and perpetuates the same structural and governance flaws that have contributed to a decade of mismanagement.
Nov 3, 2025
PTG Responds to FTC Request for Information Regarding Employer Noncompete Agreements
In a letter to the Federal Trade Commission (FTC), PTG confirms that many PTG members, like similarly situated financial industry companies, have entered into noncompete agreements with current and former employees – agreements under which the employees agree that they will not work for defined competitors for a limited time after they leave their employers. These firms rely heavily on noncompete agreements to protect their investment in their employees and to safeguard the confidential information that gives them a competitive edge.