Fears new algo rules will stifle innovation
Australian regulator Asic is proposing to tighten controls over algo trading, but some say this will make HFT unviable and hurt the entire market.
There are fears that the introduction of measures to tighten monitoring of algorithmic trading in Australia will stifle innovation, particularly for strategies that rely on low-latency execution.
Just this week the Australian Securities & Investments Commission (Asic) published a consultation paper that, if enforced, would compel market players to step up risk control around algo trading.
They would be required to report annually that their systems had appropriate filters, a…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.