Over the past decades, the technological evolution of capital markets has determined the rise of a new breed of traders whose core activity is trading leveraging low-latency algorithms: the high frequency traders (HFTs). The progressive growth of HFT and market events as the May 6, 2010 Flash Crash have spurred finance scholars and regulators to analyze the phenomenon in order to understand its effect on market quality in terms of liquidity, volatility and efficiency and on its financial stability and integrity and consequently to update market structure and financial regulation to encompass this new kind of trading.
High Frequency Trading: impact on capital markets and regulation
Ferremi, Ettore
2021/2022
Abstract
Over the past decades, the technological evolution of capital markets has determined the rise of a new breed of traders whose core activity is trading leveraging low-latency algorithms: the high frequency traders (HFTs). The progressive growth of HFT and market events as the May 6, 2010 Flash Crash have spurred finance scholars and regulators to analyze the phenomenon in order to understand its effect on market quality in terms of liquidity, volatility and efficiency and on its financial stability and integrity and consequently to update market structure and financial regulation to encompass this new kind of trading.| File | Dimensione | Formato | |
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Ferremi_Ettore.pdf
Open Access dal 14/06/2024
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https://hdl.handle.net/20.500.12608/28709