High frequency trading: an overview
This paper examines high-frequency trading systems, which were first developed in the US equity markets but have spread steadily to most asset classes on the main world financial markets. It analyzes the current regulatory and technological structures of the markets and describes the inefficiencies and informational advantages that high-frequency trading systems seek to exploit and the strategies they use. The paper concludes with an assessment of the positive and negative impacts of the presence of this new type of player on the overall quality of the financial markets.
|Date of creation:||Sep 2013|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: http://www.bancaditalia.it
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:bdi:opques:qef_198_13. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()
If references are entirely missing, you can add them using this form.