UK regulators zoom in on algo trading

FCA and PRA launch co-ordinated push to improve risk management and governance of algorithmic trading

Call for comments: the PRA invites market participants to provide feedback on its proposals by May 7

The Financial Conduct Authority and the Bank of England’s Prudential Regulation Authority have published plans to improve the risk management and governance framework for algorithmic trading, following a review that highlighted some examples of shortfalls in the oversight of these tools.

The proposals outline a series of expectations for several areas, including governance, algorithmic approval processes, testing and deployment, inventories and documentation, risk management, and system and

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