Parameters of Trading

Category: Business

The EU has kept the MIFID 2 under proposal. It has a requirement that algorithmic tradersshould report to the relevant authorities, about their strategies, limits or parameters of trading. Major compliances as well as risk controls. It is hoped to be functional at its best by the year 2017 and mandates and orders HFT traders for storing all the placed orders, with the ones cancelled. This will help authorities to make a plan for risk reduction when sudden changes arise in the market or when malfunctioning algorithms cause disruptions.