FCA encourages trading venues to tackle systemic risk

05/9/2013 | Trade News (U.K.), The

The UK Financial Conduct Authority has released a consultation paper that calls on trading venues to ensure their members have proper controls and systems to deter abusive market activity. "Some exchanges currently use risk-based visits to members, whereby some other firms will wait until an issue happens and then visit members -- some are proactive and some are reactive, and we are encouraging all firms to become more proactive," an FCA representative said.

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Trade News (U.K.), The

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