HK SFC raps Citi unit for algo system failures
The firm narrowly escaped a heavy fine because the share price movements in question occurred before new electronic trading rules took effect in January.
Hong Kong’s securities regulator has reprimanded a unit of Citigroup for failing to ensure that its algorithmic trading systems functioned properly between April 2009 and May 2010.
Sign In to Your Account
Access Exclusive AsianInvestor Content!
Please sign in to your subscription to unlock full access to our premium AI resources.
Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial—no registration fees required. Click the link to get started.
Note: This free trial is a one-time offer.
¬ Haymarket Media Limited. All rights reserved.