French HFT rules won’t clash with Mifid II

Author: Gemma Varriale | Published: 9 Dec 2014

France's stock market watchdog has confirmed that it will not implement regulations on high frequency trading (HFT) that would clash with Europe-wide rules.

Speaking exclusively with IFLR, Guillaume Eliet, head of the regulatory policy and international affairs directorate at France's Autorité des marchés financiers (AMF), said it is not the regulator's intention to contradict the provisions of the incoming Mifid II [the markets in financial instruments directive].

The new French banking law is set to enter into force at the start of 2015, requiring any firm using a HFT system to document the nature...