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Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments, Article 17: Algorithmic trading

Investment firms engaging in algorithmic trading must implement effective systems, risk controls, and business continuity arrangements to ensure system…

What Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments, Article 17: Algorithmic trading requires

Investment firms engaging in algorithmic trading must implement effective systems, risk controls, and business continuity arrangements to ensure system resilience, prevent disorderly markets, and comply with regulatory notifications and record-keeping.

Pillar: Banking & Global Finance · Authority: European Parliament and Council of the European Union · Version: 1.0.0 · Last updated:

Primary source: https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32014L0065

SHA-256 integrity: 0a0b64953f5934613f2a2c478f5e685593dc9bdf52b79c9a3f30651c76602dec

Primary Citations — 7 traced to source

  • Article 17(1): An investment firm that engages in algorithmic trading shall have in place effective systems and risk controls suitable to the business it operates to ensure that its trading systems are resilient and have sufficient capacity, are subject to appropriate trading thresholds and limits and prevent the sending of erroneous orders or the systems otherwise functioning in a way that may create or contribute to a disorderly market.
  • Article 17(1): The investment firm shall have in place effective business continuity arrangements to deal with any failure of its trading systems and shall ensure its systems are fully tested and properly monitored to ensure that they meet the requirements laid down in this paragraph.

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