Algorithm Testing is a topic covered by both Swiss and European regulation and refers to the trading venue's obligation to require participants to test algorithms and to provide a facility to support that testing.
SIX Swiss Exchange already provides an environment for members to be able to test and self-certify their algorithms on the market.
Art. 30: Guarantee of orderly trading
Art. 31 (para 2 let e): Algorithmic trading and high-frequency trading
- MiFID II;
Art. 48 (para 6, para 12 let g): Systems resilience, circuit breakers and electronic trading
RTS 7 (Art. 8, 9, 10): organisational requirements of regulated markets, multilateral trading facilities and organised trading facilities enabling or allowing algorithmic trading through their systems