UK regulators unveil rules for algo trading
PRA and FCA outline approaches to supervising ultra-fast trading methods
The UK’s financial regulators today (February 12) revealed plans for scrutiny of algorithmic trading, seeking to clarify their expectations for firms using the technique.
The Prudential Regulation Authority put out a consultation paper on governance and risk management requirements for algorithmic trading, while the Financial Conduct Authority published a report on its approach to supervision.
Algorithmic, or algo, trading involves the automatic order initiation, routeing or execution of
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