FINRA Issues Regulatory Notices on Algorithmic Trading Strategies
Client Memorandum

Created date


The Financial Industry Regulatory Authority recently issued two Regulatory Notices concerning algorithmic trading as part of a larger package of market structure initiatives.  The first Regulatory Notice, which was released on March 19, requests comment on a proposal to require the registration of persons who are primarily responsible for the design, development or significant modification of algorithmic trading strategies or directing or supervising such activities.  The second document, which was issued on March 26, contains guidance concerning supervision and control practices for the development and deployment of algorithmic trading programs.