CSRC looks to blacklist algo-traders

China’s securities regulator has moved to crack down on algorithmic trading in the second part of a two-pronged attack designed to prevent a repeat of this summer’s stock market plunge. In a media briefing last Friday, the China Securities Regulatory Commission (CSRC) described it as an important move to stabilise its domestic securities market further. However, in targeting algo-traders, the CSRC could be accused of seeking scapegoats among marginal players when the focus ought…