Private banks should revisit their regulatory frameworks for algorithmic trading compliance as the Hong Kong Monetary Authority (HKMA) announced higher supervisory expectations than the Securities and Futures Commission (SFC), advised law firm Morgan Lewis. According to a survey conducted by the HKMA in 2018, 40% of surveyed authorised institutions (AIs) are already conduct algo-trading, most commonly as a mean to…
PBs should revisit algo-trading compliance as the HKMA steps up stringency
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