Last week, regulators released their joint report on the Oct. 15, 2014, Treasury Flash Crash. One of the hot topics of discussion has been the prominent role of “PTFs” in the report. So what is a PTF? TABB Group founder and CEO Larry Tabb and George Bollenbacher, partner, Capital Markets Advisors, examine the report, including the definition of a PTF, or a principal trading firm, and how they impact the workings of the Treasury market. They discuss HFTs and PTFs, the electronification of the Treasury market, and the role of liquidity providers and algorithms in transforming the market. Watch the video here.
