FIA PTG and FIA EPTA Issue Statement in Response to August 1 Market Disruptions and Knight Capital

FIA Principal Traders Group and FIA European Principal Traders Association issued a joint statement on Friday in response to the disruptions that occurred in the U.S. equity markets on August 1. FIA expressed concern and noted that once it becomes clear what caused the problems at Knight Capital, the FIA will review their recommendations and amend if needed. Their statement cited how quickly the market punishes trading mistakes, and supported the need for market participants to work with regulators to minimize threats to market stability.

View joint statement in full here (links externally to FIA website).