A fledgling UK high-speed trading firm has come under the umbrella of regulators for the first time, the latest in a string of similar moves ahead of new European rules forcing a higher level of oversight on the firms.

Maven Securities, established by a trio of former traders from Optiver and Tibra Capital, received authorisation for its Maven Derivatives affiliate from the UK's Financial Conduct Authority last month. The firm has received a proprietary trading licence, FCA filings show, and is unable to hold client money.