Deals
EU Regulator Starts Probe Into High-Speed Trading, FT Reports
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The European Securities and Markets Authority has begun an investigation into automated trading firms, asking for details on trading strategies and the computer algorithms that drive their trading deals, the Financial Times reported, citing a questionnaire sent to companies across Europe.
The probe is part of a fact-finding project to enable ESMA to “better understand high frequency trading strategies and the impact of these strategies on the functioning of the markets as a whole, including the risks associated with HFT,” the questionnaire said, according to the FT.