Trading algorithms are an integral component of modern asset markets. In two experimental markets for long-lived correlated assets we examine the impact of alternative types of arbitrage-seeking algorithms. These arbitrage robot traders vary in their latency and whether they make or take market...

A detailed microstructural characterization of the AlMo0.5NbTa0.5TiZr refractory alloy in the as-cast state is reported for first time, showing a dendritic structure, with a mixture of A2/B2 phases in both the dendritic region and in the transition towards interdendritic regions. A phase rich in...