China is considering raising HFT exchange fees by a massive 10x

Bloomberg had the report, ICYMI.

Bloomberg is closed, but in short:

  • China is considering a tariff hike of at least tenfold on high-frequency trading
  • Chinese authorities view some quantitative strategies as a threat to fairness in the country’s retail-dominated stock market
  • Consultations have been held between the China Securities Regulatory Commission (CSRC) and the country’s stock exchanges and some market participants
  • The draft plans are to increase the fee from 0.1 yuan (1.4 cents) on buy and sell orders to at least 1 yuan if the transactions exceed the high-frequency trading threshold.