Alternative Investment Management Association Representing the global hedge fund industry
The German HFT law (“Hochfrequenzhandelsgesetz”) was first adopted by the Federal Government on 26 September 2012. It was voted on by the Finance Committee of the Bundestag (Parliament) on 27 February 2013 and adopted by a plenary sitting of the Bundestag on 28 February 2013. It was subsequently approved by the Bundesrat (Federal Council) on 22 March 2013. The law was published in the German Federal Gazette (the Bundesgestzblatt) on 14 May 2013.
Key features of the HFT law are as follows:
Gesetz zur Vermeidung von Gefahren und Missbräuchen im Hochfrequenzhandel (“Hochfrequenzhandelsgesetz”)
AIMA Summary of the German HFT Act (April 2013)