Section 2B(1)

For the purposes of the definition of “high-frequency algorithmic trading technique” in regulation 2(1), a high message intraday rate consists of the submission on average of either of the following— at least 2 messages per second with respect to any single financial instrument traded on a trading venue; at least 4 messages per second with respect to all financial instruments traded on a trading venue.

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Source: legislation.gov.uk · retrieved 2026-09-04