The European Commission last week adopted the latest standards under Mifid
One of the key outstanding regulatory
technical standards under sweeping European Mifid II, governing
algorithmic trading, is set for release this week, drawing a
line under concerns over definitions under the new rules.
RTS 6, which covers the regulation
specifying the organisational requirements of investment firms
engaged in algorithmic trading, providing direct electronic
access and acting as general clearing members, is set for
release this week, according to market sources.
The standard covers risks that may affect
the core elements of a trading system – including
hardware, software and communication lines that firms use to
conduct their trading activities – as well as
execution and order management systems operated by investment
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