QuantHouse Launches Stress Testing for Algos Ahead of Mifid II

Vendor partners with datacenter specialists Interxion for algorithmic stress-testing facility

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European rules will demand stress tests of algorithmic trading engines to ensure they do not pose a systemic risk.

The review of the Markets in Financial Instruments Directive (Mifid II) will require firms engaged in algorithmic trading to be able to stress test their platforms by simulating two times the highest volume of trades over a six-month period.

This is designed to mitigate concerns around the stability of automated trading systems, which have been variously blamed for flash crashes, programming glitches that have cost hundreds of millions of dollars thanks to algorithms erroneously buying and

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Removal of Chevron spells t-r-o-u-b-l-e for the C-A-T

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