Are there any laws concerning the use of computer “bots” to generate automated trading on financial markets?

Yes, there are laws concerning the use of computer “bots” to generate automated trading on financial markets in the state of Washington. Washington adopted the Standard for Automated Trading implemented by the North American Derivatives Exchange (NADEX). This law prohibits the use of automated trading programs (bots) to trade in the markets regulated by NADEX. The law applies to all entities that are registered or required to register with the Exchange, or their agents, including but not limited to investment advisors, market makers, and broker-dealers. It also applies to persons or entities who trade on the Exchange. The Standard prohibits the use of any automated trading program that does not comply with the applicable rules or policies of the Exchange. It also requires entities to register as an approved automated trading program before they can use such a program to trade on the Exchange. In addition, it requires entities to make sure that their automated trading program complies with all applicable rules and regulations in order to avoid any potential violations of the law. In general, it is important for entities to be aware of the regulations and laws concerning the use of computer “bots” for automated trading when trading in Washington. This is especially so given the potentially serious consequences of being found in violation of state or federal laws.

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Are there any laws concerning the use of computer “bots” to generate automated trading on financial markets?

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