FIA has submitted its response to the China Securities Regulatory Commission’s consultation on provisional regulations on programmatic trading in the futures market, expressing support for the policy objectives.
FIA recommended a coordinated and standardised approach by Chinese futures exchanges when developing implementing rules and urged for a reasonable period of public consultation.
FIA also requested clarity on key definitions, including “high-frequency trading” and “abnormal trading behaviours”, emphasised the need for commercially reasonable reporting obligations, and proposed a nine-month implementation period to ensure a smooth transition.
Read the response.
