03 Mar 2020
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We are seeing an increased regulatory focus on the preservation of trading and robo advising algorithms. For instance, if a robo advisor advises a particular purchase, the code behind that recommendation needs to be retained and available if called upon by a regulator. Software developers have systems but often the question as to what code was running at a specific time and the non-erasable evidence of the 'chain of custody.' It is now incumbent upon the compliance department to make sure that the software developers adhere to corporate preservation policies.
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