FMSB’s Algorithmic Trading In FICC Markets Statement of Good Practice Transparency Draft addresses the use of computer algorithms. Such activity has the potential to adversely impact market and firm stability and to harm clients and accordingly it is increasingly the subject of regulatory scrutiny and intervention.
The Algorithmic Trading In FICC Markets Statement of Good Practice (Transparency Draft) sets out a number of Good Practice Statements in relation to the use of Algorithms by FMSB member firms in their FICC business activities. It is expected FMSB member firms will observe these Good Practice Statements globally.
The comments period for this Transparency Draft closed on 7 September 2018. Since then, the FMSB Standards Board has identified a synergy between this paper and other FMSB work on algorithmic trading so we are bringing it together for publication in one document. We will update this page in due course.