20 Jul. 2011 - ESMA publishes today a consultation paper, accompanied by a press release setting out its proposals for detailed guidelines for trading platforms, investment firms and competent authorities to address challenges of a highly automated trading environment, of which high frequency trading (HFT) is an important part. The guide-lines seek to clarify the obligations of trading platforms and investment firms under the existing EU legis-lative framework. ESMA believes that the proposed guidelines contribute to the efficiency, orderly func-tioning and resilience of trading in a highly automated environment.
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