FCA multi firm review of algorithmic trading controls

The UK’s FCA has released a high level readout of a study that was carried out into principal trading firms’ compliance with MIFID II RTS 6. Overall the FCA noticed an improvement in compliance. MIFID II Article 17 and “RTS 6” applies to any firm, whether financially authorised or not, that carries out algorithmic trading in Financial Instruments. The report can be found here.

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