THE-BEAKER
Registered: Oct 2006
Posts: 1052 |
08-15-12 07:55 AM
looks like im right after all
“Speed Limit” for High Frequency Traders –
German Government Publishes Draft Legislation to
Regulate Algorithmic Traders and Trading Strategies on
German Trading Venues
......................................................................................................................................................................................
For many foreigners, Germany is famous for its “autobahns”, where drivers are
usually permitted to drive as fast as their cars and traffic allow and without being
restricted of an official speed limit. So far, this also has been true for using
trading venues in Germany. However, the German Government now plans to
introduce a “speed limit” for electronic trading on its regulated markets and
multilateral trading facilities. A new draft piece of legislation now purports to
introduce for the first time a dedicated regulatory framework for algorithmic
trading on German trading venues and high frequency traders would be subject
to a license requirement with, and supervision by, the German Financial
Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht;
“BaFin”).
http://www.shearman.com/files/Uploa...mit_for_HFT.pdf
|
