Regulator orders almost US$1 million in sanctions, disgorgement and restitution
Implementation to take place through to 2020
G20 reforms have driven the increase, says a report from the Global Association of Central Counterparties
Their aim is to ensure that trading and clearing isn't disrupted
Some firms are failing to ensure annual testing for automated order systems used by direct electronic access clients
Proposals out for comment until Dec. 24
The revised principles were adopted in 2010
The definition of an “approved person” was amended in July
Volume must increase for market players to fully realize the benefits of the system
Regulatory experts will work with data scientists to detect abusive trading behaviour