Member firms are required to assign AlgoIDs to their algorithms. Furthermore, members are required to certify testing of these algorithms according to MiFID Article 48(6) of Directive 2014/65/EU (RTS 7, Article 10).

Wiener Börse AG requests all members to test their algorithms in a testing environment (either cloud simulation or integrated member simulation) before the algorithms are used the first time or if there is a substantial update of an algorithm.

The "reporting file for all AlgoIDs" (specified in circular 30/2017, Annex IV) therefore has to be provided event-driven and not on a daily basis. Members always have to upload the full file information, i.e. ensure proof of testing for all active AlgoIDs in use.

Further steps:

MiFID II Scrabble