Governance & Program Info
Algorithmic Trading Inference — Governance
Cross-builder institution context and per-item ownership, due dates, status, and next actions for the governance-relevant checklist items in this builder.
Institution context
Program info
Applies across every builder in the app. Stored locally; nothing leaves the browser.
Checklist governance
Items (0 of 13 marked complete)
Annotate ownership, due date, status, and next action. Items on the left come from the builder's governance / compliance phases.
05 · Governance & Compliance
SEC Rule 15c3-5 pre-trade risk controls
Every order must pass credit, capital, erroneous-order, and restricted-securities checks before exchange submission — in the critical path, not an afterthought.
05 · Governance & Compliance
FINRA Rule 3110 supervisory framework
Written supervisory procedures covering every algorithm, designated supervisor with real-time visibility, and escalation paths for anomalous behavior.
05 · Governance & Compliance
MiFID II Article 17 / RTS 6 annual self-assessment
Annual strategy review, testing, and venue conformance testing — algorithm registration and strategy description provided to NCA within 5 days on request.
05 · Governance & Compliance
MAR / MAD II market abuse controls (spoofing / layering / momentum ignition)
Pre-trade and post-trade surveillance for spoofing, layering, momentum ignition, marking-the-close, and wash trading. Models must not generate these patterns; surveillance must detect if they do.
05 · Governance & Compliance
Best execution policy (MiFID II / Reg NMS)
Documented best-ex policy covering venue selection, order routing logic, and evidence that the model optimizes for client outcome where applicable.
05 · Governance & Compliance
SR 11-7 model documentation for each production model
Purpose, data lineage, assumptions, limitations, known failure modes, validation results — the seven SR 11-7 documentation elements for every model in production.
05 · Governance & Compliance
Independent model validation
Second-line or external validation team independent of the quant / strategy team. Required under SR 11-7 and most national regimes for banks.
05 · Governance & Compliance
Model inventory and version control
Every production model, training window, hyperparameters, feature set, and deployment timestamp in a single auditable inventory.
05 · Governance & Compliance
Reg SCI compliance (for covered entities)
SEC Regulation Systems Compliance and Integrity covers covered clearing agencies, SCI ATSs, and plan processors — end-to-end systems testing, change management, BCP.
05 · Governance & Compliance
Full algorithmic decision audit log
Every order's model version, input feature vector, output decision, and risk-check result — captured in immutable storage.
05 · Governance & Compliance
CAT (Consolidated Audit Trail) reporting
U.S. equities / options events reported to CAT with nanosecond timestamps. Timestamp accuracy failures are among the most common CAT findings.
05 · Governance & Compliance
MAS SFA Notice on Algorithmic Trading (Singapore)
For firms trading on SGX — MAS Notice SFA 04-N15 covers risk controls, testing, and change management analogous to MiFID II RTS 6.
05 · Governance & Compliance
Board-level algorithmic trading risk reporting
P&L, risk-limit breaches, kill-switch activations, and model-validation findings escalated to board risk committee on a defined cadence.