Trade body the FIA has strongly condemned the new Reg AT proposal
The safety of source code sent to the US
regulator is still the industry’s chief concern
when it comes to the new Regulation Automated Trading proposal,
according to an industry expert.
"The real industry concern lies in
data protection when firms transfer source code to the
regulator. What are the assurances that the data is secure?
There were little details in the supplemental proposal on how
it could be stored or transferred or what the rules would be
for the regulator to look at the source code," Jonty Field,
head of EMEA at Quantitative Brokers, told FOW.
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.