The Futures Industry Association has published a due diligence questionnaire for MiFID II investment firms that outsource IT software and hardware. MiFID II requires investment firms engaged in algorithmic trading to ensure that all software and hardware used in algorithmic trading meets certain standards. This will mean that firms will also have to ensure that any third party vendors to whom they have outsourced software or hardware, or from whom they have procured it, also meet those standards. The aim of the questionnaire is to assist those firms in seeking such information from their IT vendors.