On June 4, 2015, FIA submitted a letter to the International Organization of Securities Commissions in response to IOSCO’s consultation on “Mechanisms for Trading Venues to Effectively Manage Electronic Trading Risks and Plans for Business Continuity”. Regarding trading risks, FIA encouraged IOSCO to consider the recommendations and suggestions in the white papers that FIA has published, including the Guide on the Development and Operation of Automated Trading Systems that was published in March. Regarding business continuity, FIA supported the need to require trading venue testing at least once per year, and described the annual test conducted by FIA.
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