FCA Rolls Out New Rules, Accountability Measures for Algo and HFT Traders
Posted: Mon Feb 08, 2016 12:29 pm
The Financial Conduct Authority (FCA), the UK’s paramount regulatory authority, has published the final iteration of its rules mandate, thereby confirming its approach to strengthening individual accountability across algorithmic and high-frequency trading (HFT), according to an FCA statement.
More specifically, the FCA’s latest regulatory mandate will see the extension of its rules to algo and HFT traders across banks, building societies, and Prudential Regulation Authority (PRA) designated investment firms.
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The decision to help shore up accountability for traders and individuals across the banking sector represents the latest effort by ... (read more)