Proposals Concerning High-Frequency Trading by FIA

The Futures Industry Association (“FIA”) and FIA Europe published a report on MiFID II technical advice issued by the European Securities Markets Authorities (“ESMA”). The report focused on high-frequency and algorithmic trading and provided proposed definitions of those terms.

According to the report, MiFID II aims to develop “considerably stronger rules” concerning high-frequency trading and algorithmic trading to ensure that firms conducting these activities are subject to appropriate controls and oversight. The report also obligates firms to follow a consistent set of rules regarding software and risk management.

Fourth Special Report: Algorithmic and High Frequency Trading:
http://www.fia-europe.org/admin/tiny_mce/jscripts/tiny_mce/plugins/filemanager/files/Regulation/MiFID/FIA_Special_Report_Series_-_Algorithmic_and_High_Frequency_Trading_2015-2-18.pdf

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