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FIA and its affiliates, the European Principal Traders Association (EPTA), and the Principal Traders Group (PTG), jointly announce a new structure for the respective organisations that recognises the continued evolution and growth of EPTA and PTG, and their members, in markets outside of the cleared derivatives industry. With this announcement, EPTA and PTG will begin to operate independently of the FIA, advocating on behalf of their members in various markets and asset classes globally.

In this paper, the PTG advocates for targeted reforms to Regulation NMS, addressing Reg NMS’ impact on costs, best execution, venue proliferation and the generation of complex order types.

PTG supported FINRA's proposal to extend Trade Reporting Facilities (TRFs) operating hours and align them with current Securities Information Processors (SIP) hours.

The letter covers a range of topics including, security status issues and regulation of tokenized U.S. equity securities. It also covers potential collateral efficiencies and accounting considerations.

In a letter filed with the US Securities and Exchange Commission, the PTG applauded FINRA for eliminating the harmful manual trade exception previously approved but never implemented, and encouraged FINRA to continue to improve the TRACE regime, including by shortening the reporting timeframe for all transactions.

In a letter filed with the Securities and Exchange Commission, the PTG said it supports the Commission's action to address spiralling Consolidated Audit Trail costs, promote accountability and fashion a reasonable governance framework for the CAT.