ESMA Releases Consultation Paper on High Frequency Trading


The consultation paper (entitled Consultation on the Guidelines on systems and controls in a highly automated trading environment for trading platforms, investment firms and competent authorities) sets out ESMA’s proposals for detailed guidelines for trading platforms, investment firms and regulators to address HFT and other challenges of a highly automated trading environment. ESMA stated that the guidelines are intended to clarify the obligations of trading platforms and investment firms under the existing EU legislative framework and that it believes that the proposed guidelines “contribute to the efficiency, orderly functioning and resilience of trading in a highly automated environment”. The Consultation follows on from certain of the issues addressed in the April 2010 call for evidence by CESR (ESMA’s predecessor) on micro-structural issues of the European equity markets.

Please see full article below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Published In: Administrative Agency Updates, Environmental Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Katten Muchin Rosenman LLP | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »