CX Daily: China’s Tightening Rules Put Foreign High-Frequency Futures Traders in Limbo

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In Depth: China’s tightening rules put foreign high-frequency futures traders in limbo

High-frequency futures traders in China have seen the viability of algorithmic strategies come under pressure as costs have ballooned.

Some were set up as goods trade companies by big-name foreign firms to evade restrictions on overseas investment in the country’s commodities futures market, and have operated in a regulatory gray area for years.