SFC e-trading rules leave us in the lurch, say brokers

Compliance officers at brokerages in Hong Kong have voiced their frustrations over incoming regulations they say are hard to implement and leave them potentially liable for unforeseeable trading risks. The city’s Securities and Futures Commission (SFC) unveiled controversial electronic trading rules this March which, among other things, will require intermediaries to carry out real-time monitoring of algorithmic trading. These rules are due to become effective from January 1 next …