Algo Testing

1st June 2016

MiFID II enacts a range of organisational requirements on trading venues that will also impact Participants.

Cboe must require Participants to test algorithms and must provide some facility to support that testing. Cboe intends to implement the requirement on Participants through its rules. Cboe will seek to facilitate Participant testing by simulating a number of conditions as accurately as possible in its UAT environment, including disorderly market conditions.

The first suite of algo testing enhancements is now available in its UAT environment. Full details on the conditions being simulated as well as a preview of some future changes can be seen on our Algo Testing page.