BaFin, the Federal Financial Supervisory Authority, has published (in English) information regarding the draft High Frequency Trading Act: see here. The Act will, amongst other things, require high frequency traders to be authorised by BaFin if they are not currently within BaFin's supervisory remit. The Act also contains rules regarding algorithmic trading.
Friday, 7 December 2012
Germany: new rules for high frequency trading
BaFin, the Federal Financial Supervisory Authority, has published (in English) information regarding the draft High Frequency Trading Act: see here. The Act will, amongst other things, require high frequency traders to be authorised by BaFin if they are not currently within BaFin's supervisory remit. The Act also contains rules regarding algorithmic trading.
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