High-Frequency Trading Standard Moves EU Market Revamp Forward
- European Commission adopts second delegated act under MiFID II
- EU Parliament's Ferber says rule is `important step' on HFT
This article is for subscribers only.
The European Union took a step forward in its revamp of financial-market rules with the publication of technical standards on high frequency trading and other activities.
The European Commission, the EU’s executive arm, adopted a second package of rules under the legislative overhaul known as MiFID II. Among its provisions is a definition of the “high message intraday rates” that characterize the “high-frequency algorithmic trading technique” set out in the MiFID II directive.