33 min
TradFi trading & Digital Asset controls RegCast
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- Technology
An errant trade in Q222 sparked a flash crash that should not have happened under MiFID II. The ‘fat finger error’ is still being investigated but could result in significant fines. As our working groups know well, TradFi firms are asked to keep their algorithms under control and certify to their trading venues that they are fully tested in real market conditions. Digital Assets traders have much to learn about the speed at which a panic button can be pushed as self-updating code is learning about market pricing. Now more than ever, legal certainty, standards and an interoperable infrastructure is required. In the run up to JWG’s 9-10 November conference we ask banking, legal and technology experts what should be on the agenda for 2023. Please join us here: https://regtechconference.co.uk/contact-us/
An errant trade in Q222 sparked a flash crash that should not have happened under MiFID II. The ‘fat finger error’ is still being investigated but could result in significant fines. As our working groups know well, TradFi firms are asked to keep their algorithms under control and certify to their trading venues that they are fully tested in real market conditions. Digital Assets traders have much to learn about the speed at which a panic button can be pushed as self-updating code is learning about market pricing. Now more than ever, legal certainty, standards and an interoperable infrastructure is required. In the run up to JWG’s 9-10 November conference we ask banking, legal and technology experts what should be on the agenda for 2023. Please join us here: https://regtechconference.co.uk/contact-us/
33 min