Commission Delegated Regulation (EU) 2017/589Show full title

Commission Delegated Regulation (EU) 2017/589 of 19 July 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council with regard to regulatory technical standards specifying the organisational requirements of investment firms engaged in algorithmic trading (Text with EEA relevance)

Article 8U.K.Controlled deployment of algorithms(Article 17(1) of Directive 2014/65/EU)

Before deployment of a trading algorithm, an investment firm shall set predefined limits on:

(a)

the number of financial instruments being traded;

(b)

the price, value and numbers of orders;

(c)

the strategy positions; and

(d)

the number of trading venues to which orders are sent.