Trading Rules Too Much For German Firms

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Recently, German proprietary trading firm is apparently closing around the end of this year due to the burden of European regulations on high frequency trading.

Cologne Independent Traders formerly under Van der Moolen has begun to wind down its operation while they gear up to shut down their operation later this year.

On May 15, German Lawmakers brought out new regulations that set limits on high-frequency trading. ┬áThese rules require that all German firms that trade in the market use only “algorithmic” methods to register. ┬áThe finds for not following regulations are substantial.

The proposals also oblige algorithmic trading firms to provide information on trading algorithms and to introduce a new a series of new internal controls and compliance costs.

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