‘Legal Considerations Around Smart Contracts: Contracts Between Computer Programs’

“Algorithmic trading – where two computer programmes deal directly with each other – is a commonplace of modern securities trading. However, in general such trading occurs under a framework contract which establishes the legal nature and effect of the transactions concerned. When computer programmes purport to deal with each other outside such a framework the legal position becomes considerably more complex. In our recent note ‘Legal Considerations Around Smart Contracts: Contracts Between Computer Programs’ we have sought to identify the issues which would benefit from clarification in order to enable such trading to flourish …” (more)

[Simon Gleeson, Oxford Business Law Blog, 12 October]

First posted 2021-10-12 16:00:21

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