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Kill switch
Dispatches on kill switch for AI agents in financial services.
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Dispatches on this topic
- ASIC wrote down what counts as a trading algorithm. An agent that picks the quantity is one.
Australia's markets regulator has given 'trading algorithm' its first legal definition and attached testing, per-algorithm kill-switch and seven-year record duties that also reach AI-enabled trading. The duties bind brokers, not agents, and they don't start until 2028. The definition is short enough that any agent placing orders can check itself against it today.