25 May 2013
German High Trading Frequency Act
The German High Frequency Trading Act (HFT Act) will shortly enter into force. It will impose new organisational requirements on all firms engaged in algorithmic trading in the German markets. In addition, firms engaged in high frequency trading for own account will be subject to a new authorisation requirement.
This publication provides an overview of the new requirements and analyses its potential impact for firms engaged in these activities and what practical steps firms should be taking.