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← Analyze the regulatory framework governing algorithmic trading
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According to Article 4(1)(39) of MiFID II, what legal definition applies to algorithmic trading?

According to Article 4(1)(39) of MiFID II, what legal definition applies to algorithmic trading?

Any trading in financial instruments where an algorithm automatically determines order parameters with limited or no human intervention
Any trading in financial instruments where a human determines order parameters
Any trading in financial instruments where an algorithm is used to analyse market trends
Any trading in financial instruments where an algorithm is used to generate performance reports