Bloomberg had the report, ICYMI.
Bloomberg is gated, but in brief:
- China is considering a fee hike of at least tenfold on high-frequency trading
- Chinese authorities deem some quantitative strategies a threat to fairness in the nation’s retail investor-dominated stock market
- Consultations have taken place between the China Securities Regulatory Commission (CSRC) and the country’s stock exchanges and some market participants
- Draft plans are to raise a 0.1 yuan (1.4 cents) fee on buy and sell orders to at least 1 yuan if the transactions meet the threshold of high-frequency trading
This article was written by Eamonn Sheridan at www.forexlive.com.
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