In Mifid II Talks, HFT Curbs Still on the Table
"Under the new Mifid there's a general idea that anyone operating an algorithm would have to be a licensed firm, and would have to have the right systems and controls in place," said Jasper Jorritsma, a policy officer at the European Commission (EC), DG Internal Market and Services. "We can go through the list of things that have been floated to address high-frequency trading, such as algos being identified in transaction reports, stock exchanges having order-to-execution ratios and minimum
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