Foreign Regulators Take Lead On High-Frequency Trading

High-Frequency Trading

Foreign Regulators Take Lead On High-Frequency Trading

Regulators overseas have proposed the stiffest rules yet aimed at curbing manipulative high-frequency trading, while U.S. regulators are still in the talking stages.

Last month, Hong Kong’s Securities and Futures Commission issued a proposal that would require trading algorithms to be tested and audited once a year.

On Monday, the Australian Securities and Investments Commission proposed a rule requiring brokers to gain direct control over all algorithm-based trades. Anyone breaking this or other of the country’s newly proposed market integrity rules would face a fine of up to $1.1 million.

Meanwhile, the U.K.’s Financial Services Authority is considering stiffer high-frequency rules around “operational risk issues,” according to Financial News.

Read more

Advertisements

About yocijourney

God does not play dice
This entry was posted in Business, CFTC, Events, Finance, High Frequency Trading, Insider Trading, Regulatory Updates, SEC, U.S. Economy, Workshops, World Economy and tagged , , , , , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s