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ARTICLE · 22 JANUARY 2016

International Report On Trading Venue Business Continuity Plans Published

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On December 22, 2015, IOSCO published a report on the mechanisms for trading venues to effectively manage electronic trading risks and plans for business continuity.

GlobalFinance and Banking
A&O Shearman
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On December 22, 2015, IOSCO published a report on the mechanisms for trading venues to effectively manage electronic trading risks and plans for business continuity. The report focuses on how trading venues manage technology, in particular, the potential risks that technological innovations pose to the markets. It stems from an IOSCO investigation into causes of the recent market disruptions which sought to identify steps taken by market participants and regulators to address the causes and probe whether the IOSCO High-Level Principles for Business Continuity issued in 2006 should be updated. In addition, IOSCO surveyed trading venues across more than 30 jurisdictions. The report discusses IOSCO's findings based on responses to the survey, makes recommendations to regulators and proposes sound practices for trading venues. IOSCO recommends that regulators should require trading venues to put mechanisms in place to help ensure the resiliency, reliability and integrity of

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