Download PDFOpen PDF in browser

Financial Markets in a Digital World: Electronic Trading Systems and Market Fairness

EasyChair Preprint 3950

5 pagesDate: July 26, 2020

Abstract

Before the days of automated trading, stock markets were driven primarily by a mixture of fundamental analysis, technical analysis, speculation, and human emotion. Today, much the same is true. However, the prevalence of electronic automation has seen a marked change in way that financial markets behave in today’s environment. This paper looks at finding answers to the debates surrounding the fairness and regulation of Electronic Trading Systems (most notably, High Frequency Trading.) We will begin by building a framework upon which we can base our subsequent analysis before moving on to address the various arguments.

Keyphrases: Algorithmic Trading, Finance, High Frequency Trading, dark pool, financial market, ghost liquidity, informational efficiency, stock market, trading

BibTeX entry
BibTeX does not have the right entry for preprints. This is a hack for producing the correct reference:
@booklet{EasyChair:3950,
  author    = {Terry Kennedy},
  title     = {Financial Markets in a Digital World: Electronic Trading Systems and Market Fairness},
  howpublished = {EasyChair Preprint 3950},
  year      = {EasyChair, 2020}}
Download PDFOpen PDF in browser