Details

Autor(en) / Beteiligte

• Goldstein, Michael A.
• Kumar, Pavitra
• Graves, Frank C.

Titel

Computerized and High-Frequency Trading

Ist Teil von

• The Financial review (Buffalo, N.Y.), 2014-05, Vol.49 (2), p.177-202

Ort / Verlag

Knoxville: Blackwell Publishing Ltd

Erscheinungsjahr

2014

Quelle

Business Source Ultimate【Trial: -2024/12/31】【Remote access available】

Beschreibungen/Notizen

• The use of computers to execute trades, often with very low latency, has increased over time, resulting in a variety of computer algorithms executing electronically targeted trading strategies at high speed. We describe the evolution of increasingly fast automated trading over the past decade and some key features of its associated practices, strategies, and apparent profitability. We also survey and contrast several studies on the impacts of such high‐speed trading on the performance of securities markets. Finally, we examine some of the regulatory questions surrounding the need, if any, for safeguards over the fairness and risks of high‐speed, computerized trading.