UK regulators zoom in on algo trading

FCA and PRA launch co-ordinated push to improve risk management and governance of algorithmic trading

algo_finance_Getty.jpg
Call for comments: the PRA invites market participants to provide feedback on its proposals by May 7

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

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: