MiFID II: Deriving business benefit from algo testing requirements
As firms across Europe grapple with the vast spectrum of MiFID II requirements, Velocimetrics’ Steve Rodgers discusses how some institutions are discovering that by going slightly beyond what the regulations stipulate in certain areas they can actually derive significant additional business benefit from their investment. This is very evident in the case of the algorithmic testing rules the regulation will introduce. By enhancing testing practices, firms can significantly reduce the potential for algos and their supporting systems to react in an unexpected manner, therefore facilitating more accurate and profitable trading.
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