Algo experts caution against too prescriptive regulation
Such laws can do more harm than good, they say, and prevention of market impact is too high a standard
Regulation that is overly prescriptive has the potential to suppress innovation and influence market liquidity, say leaders in automated trading, who cautioned that any future requirements need to be flexible enough to keep pace with rapidly evolving technologies.
"If the requirements are too prescriptive and say they have to be done in a certain way, it handcuffs future developments, and that can actually stop us from going forward and developing things that we want to do for the future," says
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