Follow Us

Follow us on Twitter  Follow us on LinkedIn
 

05 April 2012

AMF complies with ESMA guidelines on automated trading


Default: Change to:


The Autorité des Marchés Financiers has included the ESMA guidelines on automated trading in its position, the provisions of which will apply from 7 May 2012.


These guidelines, issued on the basis of the Market in Financial Instruments (MiFID) and Market Abuse Directives, set out the methods for implementation of certain provisions of these Directives and their implementing Directive in the particular field of automated trading systems, most notably high frequency trading.

They mainly concern the following activities:

  • the operation of an electronic trading system by a regulated market or a multilateral trading facility (MTF);
  • the use of an electronic trading system, including algorithmic trading, by an investment firm when dealing on own account or for the execution of orders on behalf of clients;
  • the provision of direct access to the market or of sponsored access by an investment firm as part of the service of the execution of orders on behalf of clients.

Press release



© AMF - Autorité des Marchés Financiers


< Next Previous >
Key
 Hover over the blue highlighted text to view the acronym meaning
Hover over these icons for more information



Add new comment