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07 June 2011

New HFT lobbying group for Europe

The Futures Industry Association has announced the creation of a new European lobbying group for high frequency traders. The FIA European Principal Traders Association will comprise 15 of the largest trading firms that use their own money to trade in markets such as equities or derivatives.

The group will look to define common positions for the industry on public policy issues, in an attempt to support "transparent, robust and safe markets", it said in a statement.

"In the aftermath of the financial crisis and the increasing attention of the press and regulators to market structure, the need for a group that represents principal traders has never been more apparent", said Remco Lenterman, chairman of the FIA European Principal Traders Association.

Press release

© FIA - Futures Industry Association

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