IDEAS home Printed from https://ideas.repec.org/a/cai/refaef/ecofi_110_0277.html
   My bibliography  Save this article

Trading à haute fréquence : empreinte de marché et enjeux de régulation

Author

Listed:
  • Luc Goupil

Abstract

High Frequency Trading (HFT) refers to investment strategies where algorithms simultaneously handle data extraction and analysis and portfolio updating at an ever-increasing pace, presently below the microsecond. Empirical evidence suggests HFTbrings benefits in terms of price efficiency and market liquidity. HFT also calls for a regulatory response to the extent it generates externalities on other market participants and can amplify market disruptions. Faced with HFT, both supervisory toolkit and regulatory doctrine should be upgraded. In order to maintain market stability, integrity and fairness, regulators should embrace a broad approach that encompasses high frequency traders, their potential counterparties and trading venues. Classification JEL: G10, G23, G28.

Suggested Citation

  • Luc Goupil, 2013. "Trading à haute fréquence : empreinte de marché et enjeux de régulation," Revue d'économie financière, Association d'économie financière, vol. 0(2), pages 277-294.
    • Handle: RePEc:cai:refaef:ecofi_110_0277
    as

    Download full text from publisher

    File URL: http://www.cairn.info/load_pdf.php?ID_ARTICLE=ECOFI_110_0277
    Download Restriction: free
    File URL: http://www.cairn.info/revue-d-economie-financiere-2013-2-page-277.htm
    Download Restriction: free
    ---><---

    More about this item

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cai:refaef:ecofi_110_0277. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jean-Baptiste de Vathaire (email available below). General contact details of provider: https://www.cairn.info/revue-d-economie-financiere.htm .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.