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Planned algo rules are impractical, says buyside

Georgina Lee
Some traders at fund houses argue that Hong Kong's new requirements on the use of electronic trading and algorithms are far too burdensome.
Planned algo rules are impractical, says buyside

Buy-side traders in Hong Kong say planned new rules on the use of electronic trading systems and algorithms are impractical and over-burdensome and would lead firms to outsource certain risk controls and monitoring functions to brokers.

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