Abstract

http://ssrn.com/abstract=1858626
 
 

Citations (10)



 


 



High-Frequency Trading


Peter Gomber


Goethe University Frankfurt Faculty of Economics and Business Administration

Björn Arndt


Independent

Marco Lutat


Goethe University Frankfurt Faculty of Economics and Business Administration

Tim Uhle


Goethe University Frankfurt Faculty of Economics and Business Administration

2011


Abstract:     
High-frequency trading (HFT) has recently drawn massive public attention fuelled by the U.S. May 6, 2010 flash crash and the tremendous increases in trading volumes of HFT strategies. Indisputably, HFT is an important factor in markets that are driven by sophisticated technology on all layers of the trading value chain. However, discussions on this topic often lack sufficient and precise information. A remarkable gap between the results of academic research on HFT and its perceived impact on markets in the public, media and regulatory discussions can be observed.

The research at hand aims to provide up-to-date background information on HFT. This includes definitions, drivers, strategies, academic research and current regulatory discussions. It analyzes HFT and thus contributes to the ongoing discussions by evaluating certain proposed regulatory measures, trying to offer new perspectives and deliver solution proposals.

Number of Pages in PDF File: 86

Keywords: high-frequency trading, electronic markets, algorithm trading

JEL Classification: G14, G15, G24

working papers series





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Date posted: June 6, 2011  

Suggested Citation

Gomber, Peter and Arndt, Björn and Lutat, Marco and Uhle, Tim, High-Frequency Trading (2011). Available at SSRN: http://ssrn.com/abstract=1858626 or http://dx.doi.org/10.2139/ssrn.1858626

Contact Information

Peter Gomber (Contact Author)
Goethe University Frankfurt Faculty of Economics and Business Administration ( email )
Grueneburgplatz 1
Frankfurt am Main, 60323
Germany
HOME PAGE: http://www.efinancelab.de/no_cache/team/?user_wiwipubs_pi2[showUid]=478
Björn Arndt
Independent ( email )
No Address Available
Marco Lutat
Goethe University Frankfurt Faculty of Economics and Business Administration ( email )
Grueneburgplatz 1
Frankfurt am Main, 60323
Germany
HOME PAGE: http://www.efinancelab.de/no_cache/team/?user_wiwipubs_pi2[showUid]=548
Tim Elko Uhle
Goethe University Frankfurt Faculty of Economics and Business Administration ( email )
Grueneburgplatz 1
Frankfurt am Main, 60323
Germany
HOME PAGE: http://www.efinance.wiwi.uni-frankfurt.de/eng/index.php?id=429 target=
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