Mankad, Shawn; Michailidis, George - In: Algorithmic Finance 2 (2013) 2, pp. 151-165
Not long ago securities were traded by human traders in face-to-face markets. The ecosystem of an open outcry market was well-known, visible to a human eye, and rigidly prescribed. Now trading is increasingly done in anonymous electronic markets where traders do not have designated functions or...