Regulatory Alerts2020-03-06
Added · Updated
Sound risk management practices for algorithmic trading
The Hong Kong Monetary Authority issues expectations for Authorized Institutions to implement robust governance, testing, and risk controls for algorithmic trading activities. The guidance mandates independent oversight, comprehensive pre- and post-trade monitoring, and effective kill functionality to mitigate operational and market risks. Institutions are required to maintain detailed documentation, regular internal audits, and resilient business continuity plans to ensure algorithmic strategies remain within their risk appetite.
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