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Asic takes “very tight line” on algo trading
17 August 2012
Some of the Australian regulator’s proposals for electronic trading are tougher than other global regulatory initiatives, says Fidessa’s David Jenkins
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Asic
Australia
Fidessa
David Jenkins
electronic trading
The Australian regulator is proposing a stricter approach to regulating electronic trading than its global counterparts, according to David Jenkins, business solutions manager, Fidessa, Asia.
Jenkins made the comment just days after the Australian Securities & Investments Commission (Asic) published a consultation paper that outlined proposals to require traders to have controls on their systems and test them annually to avoid disruption to the market.
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