Prop traders rally against exchange speed bumps

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By Ross Lancaster
14 Mar 2019

Proprietary trading firms have hit out against some derivatives exchange’s plans to introduce passive liquidity protection on some of the contracts that they offer, in an open letter to US regulators.

The Futures Industry Association Principal Traders Group (FIA PTG), a lobby group for the proprietary trading industry, published the letter to the US Commodity Futures Trading Commission on Wednesday.

It was provoked by an ICE Futures US (Ifus) decision to impose a delay to gold daily and silver ...

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