Fears new algo rules will stifle innovation

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…