Wednesday July 24 2024
News Source: Global Exchanges
Focus: General - Global Exchanges
Type: General
Country: International
The Futures Industry Association (FIA) released its latest paper Best Practices for Automated Trading Risk Controls and System Safeguards.
The paper consolidates previous work and covers best practices in pre-trade risk management, exchange volatility control mechanisms, post-trade analysis and exchange-based conformance testing, among other areas.
These practices are designed to help ensure that markets operate safely, regardless of the technology used. The tools developed through the collaboration of market participants and exchanges to manage the risks related to automated trading have proven highly effective in limiting market disruptions and protecting markets.
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