By Carla Main
High-frequency traders may win a partial reprieve from proposed European Union rules designed to prevent a repeat of the so-called flash crash after banks and exchanges including Deutsche Bank AG (DBK) and NYSE Euronext (NYX) warned they could damage markets and lead to an exodus of traders.
The European Parliament may scrap plans to force firms that use algorithmic-trading programs to continue trading throughout the day, said Markus Ferber, the lawmaker writing the assembly’s response to the proposals. The measure was meant to prevent them creating volatility by diving in and out of the markets.
Event: Mifid II for Brokers
Starting on: Tuesday 9th of September, 2014. Posted by: The Trading Mesh.
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