Does the Trading Surveillance Office verify electronic trading strategies and algorithms before application?

The Trading Surveillance Office does not verify electronic trading strategies and algorithms before they are applied. This lack of verification indicates a streamlined process for traders using electronic systems, allowing them to implement their strategies without prior approval or oversight from regulatory authorities. This approach is designed to foster innovation and efficiency in trading practices, encouraging participants to utilize advanced technologies and methodologies without facing delays that might arise from a review process. Consequently, traders are responsible for ensuring their strategies comply with existing regulations and market conduct expectations independently. This principle supports the functioning of a diverse and competitive trading environment, where various strategies can coexist and evolve without the constraints of pre-application scrutiny.