A high-speed trader must establish an operational control system for the appropriate performance of its services related to high-speed trading, pursuant to the provisions of Cabinet Office Order.
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high-speed trading
「高速取引行為」
Buying and selling securities or conducting market derivatives transactions, entrusting either to another, or a similar act a Cabinet Order (政令) specifies, where the decision to do it is made automatically by an electronic data processing system and the information needed to carry it out is sent to a financial instruments exchange or other recipient a Cabinet Office Order (内閣府令) specifies by a method that Order sets for shortening the time sending it would normally take, other than acts a Cabinet Order exempts as posing no risk to the protection of investors.
Defined inArticle 2, paragraph (41)· applies throughout the law
high-speed trader
「高速取引行為者」
A person registered by the Prime Minister (内閣総理大臣) under Article 66-50 to carry on high-speed trading (高速取引行為).
Defined inArticle 2, paragraph (42)· applies throughout the law