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...Market making obligations and algorithmic trading systems a feasibility assessment of the march draft mifid article economic impact eia foresight government office for science contents summary objective background ease avoidance conclusion acknowledgements prof dave cliff university bristol bs ub u k director uk large scale complex it initiative www lscits org dc cs bris ac may this review has been commissioned as part s project future computer in financial markets views expressed do not represent policy any or organisation brief report presents an analysis discussion current proposals revised second iteration eu instruments directive widely known that oblige certain automated high frequency hft to act capacity always posting competitive prices regardless prevailing conditions laid out clause released october strategy shall be continuous operation during hours venue which sends orders through executes transactions parameters limits ensure posts firm quotes at with result providing liqu...