MFA and AIMA Letter to BaFin on Interpretation of the German HFT Law

The Managed Funds Association (MFA) and the Alternative Investment Management Association (AIMA) submitted a letter to BaFin, the German regulator, on the interpretation of the German High Frequency Trading Act. In the letter, MFA and AIMA requested that BaFin issue guidance that an investment manager trading on behalf of its funds would not be interpreted to be "dealing on own account" and subject to the definition of high frequency trading and the associated licensing regime.

View letter in full here (links externally to MFA website).