Securities Supervision Commission: Strengthen the supervision of high-frequency trading and clarify the definition of high-frequency trading
2024-05-15 09:02:58
On May 15th, the Securities Supervision Commission issued the "Regulations on the Administration of Programmed Transactions in the Securities Market (Trial) ", which mentions the requirements for clear transaction monitoring and risk prevention and control. Stock exchanges implement real-time monitoring of programmed transactions and focus on monitoring abnormal trading behaviors. At the same time, further consolidate the customer management responsibilities of securities companies and clarify the compliance risk control requirements for institutional investors. Fourth, strengthen the management of information systems and clarify the regulatory requirements for technical systems, trading units, hosting, and access to trading information systems related to programmatic transactions. Strengthen the supervision of high-frequency trading. Clear the definition of high-frequency trading, and put forward differentiated regulatory requirements from the aspects of reporting information, fees, and transaction monitoring.
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