MiFID II: Controlling and testing algorithms
Velocimetrics’ Steve Colwill discusses the growing regulatory focus on algorithmic trading and what firms could be doing to better control algorithms when the unexpected occurs.
Steve shares thoughts on how algorithmic testing could be improved by employing real-world market data to more effectively emulate market conditions and the proposed requirements for trading venues to provide non-live algorithmic testing facilities. The need for greater operational oversight and to have a real-time understanding of the quality of market data being employed into algorithmic trading decisions, before finally exploring the very important role human intelligence continues to play in developing and managing algorithms once they have been released into production. Read the full article on Bobsguide by clicking here