Group 1 - The implementation of detailed regulations for algorithmic trading by the Shanghai and Shenzhen Stock Exchanges aims to promote a more standardized and efficient quantitative trading industry [1] - The new rules specify four types of abnormal trading behaviors, including rapid order submission, frequent cancellations, and large transactions within a short time frame, with high-frequency trading defined by specific thresholds [1] - Quantitative private equity firms are making significant adjustments to their trading models and risk management practices to comply with the new regulations, including real-time monitoring and strict control of trading volumes [1] Group 2 - The regulatory scrutiny on high-frequency trading has intensified, leading many large and medium-sized quantitative private equity firms to implement corrective measures, including dedicated personnel for compliance management [2] - As of mid-last year, the number of high-frequency trading accounts in the market decreased by over 20%, and behaviors triggering abnormal trading monitoring standards dropped by nearly 60% in the past three months [2] - The new regulations are seen as a means to foster healthy industry development, encouraging capable firms to thrive while reducing irrational trading behaviors and risks [2]
遏制非理性行为 程序化交易新规今起施行
Zheng Quan Shi Bao·2025-07-06 18:06