Risk glossary



A defined, finite set of steps, operations or procedures that will produce a particular outcome (for example, computer programs, mathematical formulas and recipes). Commonly used in the context of algorithmic trading, automated trading or matching systems.

* see also see also algorithmic trading; high-frequency trading; high-frequency algorithmic trading (HFAT); Market Abuse Directive (MAD), MAD II and Market Abuse Regulation (MAR); Markets in Financial Instruments Directive (MIFID); Markets in Financial Instruments Directive II (MIFID II)

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