|Principal Traders Group (PTG)|
|Products||Lobby group formed by the FIA to represent principal]] traders that trade only on their own accounts|
Principal Traders Group (PTG) is a lobby group formed by the Futures Industry Association (FIA) to represent principal traders (i.e. independent proprietary trading firms that trade only on their own accounts). These firms came under heightened scrutiny for trading practices such as high frequency trading that may have contributed to Wall Street's May 6, 2010 "flash crash."
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In November 2010, PTG published a white paper entitled Recommendations for Risk Controls for Trading Firms. The paper highlights its recommended policies and procedures for trading operations and electronic trading systems in such areas as:
- Access and oversight of staff;
- Testing and error control systems;
- Pre- and post-execution risk management protections;
- Contingency plans for trading interruptions; and
- Physical and electronic security.
PTG membership is limited to firms which trade solely their own capital. Members engage in traditional, hybrid, and high-frequency trading, in an assortment of asset classes. Member firms include:
- Allston Trading
- Atlantic Trading
- Bluefin Trading
- Chopper Trading
- Consolidated Trading
- The DRW Trading Group
- Eagle Seven
- Endeavor Trading
- Geneva Trading
- Hard Eight Futures
- HTG Capital Partners
- IMC Chicago
- Infinium Capital Management
- Kottke Associates
- Liger Investments
- Marquette Partners
- Nico Holdings LLC
- Quantlab Financial
- RGM Trading
- Spot Trading
- Tibra Trading America
- Tower Research Capital
- Traditum Group
- WH Trading
- XR Trading
- High-Frequency Traders Get A New Name. Forbes.
- US lobby group formed on high-frequency trade. Reuters.
- Recommendations for Risk Controls for Trading Firms. FIA Principal Traders Group.