Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

Article 8 Controlled deployment of algorithms(Article 17(1) of Directive 2014/65/EU)

Before deployment of a trading algorithm, an investment firm shall set predefined limits on:

  1. (a)

    the number of financial instruments being traded;

  2. (b)

    the price, value and numbers of orders;

  3. (c)

    the strategy positions; and

  4. (d)

    the number of trading venues to which orders are sent.