期货市场程序化交易迎全过程监管，高频交易将被重点监测

Core Viewpoint - The new regulations for algorithmic trading in the futures market aim to enhance oversight and management of high-frequency trading, effective from October 9, 2023 [2][3]. Group 1: Regulatory Framework - The "Regulations on the Management of Algorithmic Trading in the Futures Market (Trial)" consists of 7 chapters and 37 articles, focusing on reporting requirements, system access, and risk management [2]. - The regulations emphasize the need for comprehensive monitoring and information sharing among exchanges to ensure market order and system security [2][3]. Group 2: Reporting Requirements - Algorithmic traders must provide accurate and complete reports, including account information, trading strategies, and technical system details [3]. - High-frequency traders are specifically required to disclose their trading strategy types, maximum order cancellation frequency, daily maximum cancellation counts, server locations, and risk control measures [3]. Group 3: Monitoring and Management - Futures exchanges are tasked with closely monitoring high-frequency trading activities and can implement differentiated management of trading fees and limits [3]. - Regular audits of reported information from algorithmic traders are mandated, focusing on compliance with reporting standards [3]. Group 4: Penalties and Accountability - Violations of the regulations can lead to penalties under the Futures and Derivatives Law, including market bans for severe infractions [4]. - The regulations also stipulate accountability for significant losses or negative impacts resulting from negligence in regulatory duties [4].