FCA flags algorithmic trading concerns
Firms must improve compliance and risk standards
Complex nature of algorithmic trading means poor oversight could turn "manageable errors into extreme events with potentially wide-spread implications"
The Financial Conduct Authority (FCA) has highlighted a number of concerns about the compliance and risk standards of firms employing algorithmic trading techniques.
In a report entitled Algorithmic Trading Compliance in Wholesale Markets, published on Monday (12 February), the regulator said the complex nature of algorithmic trading means poor oversight could turn...
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