Fifteen firms, including banks and brokers active in the exchange-traded derivatives and over-the-counter derivatives markets, are launching a European lobby group, Financial Times reports. The FIA European Principal Traders Association, consisting of members such as Getco, Optiver, IMC and Flow Traders, will open offices in Brussels. The move follows the increased scrutiny of rapid electronic trading by regulators. The European Securities and Markets Authority has urged firms to disclose trading strategies and details about the computer algorithms they use to drive their deals.
Click here for the story from Financial Times.