UK authorities warning to algorithmic traders

Author: Eamonn Sheridan | Category: News

UK regulators wants algo traders to be aware of their impact on market integrity, potential conduct issues and reduce market abuse risks

Financial Conduct Authority and Bank of England report 
  • Algorithms trading programs are too often poorly designed and monitored
  • leaving traders and markets open to mistakes, disruptive trading and market abuse
  • such trading is not always positive:
  • "It can occur at rapid speeds, which means that existing risks could be amplified if risk management and other controls are not effective or are poorly aligned with the firm's risk appetite and governance arrangements"
Va the UK's Telegraph, more here at the link which may be gated

I guess we wait to see how the algo traders respond


(all the way to the bank)

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