UK regulators zoom in on algo trading
FCA and PRA launch co-ordinated push to improve risk management and governance of algorithmic trading
The Financial Conduct Authority and the Bank of England’s Prudential Regulation Authority have published plans to improve the risk management and governance framework for algorithmic trading, following a review that highlighted some examples of shortfalls in the oversight of these tools.
The proposals outline a series of expectations for several areas, including governance, algorithmic approval processes, testing and deployment, inventories and documentation, risk management, and system and
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