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Trading robots and financial markets trading solutions : the role of experimental economics

Benedicto, Bianca; Madaleno, Mara; Botelho, Anabela - In: The journal of investment strategies 12 (2023) 1, pp. 45-67

Persistent link: https://www.econbiz.de/10014484624

Glücksspiel Börse? : wie Hochfrequenz-Trader und überforderte Kontrolleure die Börse in ein Kasino verwandelt haben

McTague, Jim - 2012 - 1., Auflage

Persistent link: https://www.econbiz.de/10009626538

When finance meets physics : the impact of the speed of light on financial markets and their regulation

Angel, James Joseph - In: The financial review : the official publication of the … 49 (2014) 2, pp. 271-281

Persistent link: https://www.econbiz.de/10010363588

The impact of automated trading systems on financial market stability

Todorović, Violeta; Pešterac, Aleksandra; Tomić, Nenad - In: Facta Universitatis / University of Niš : the … 16 (2019) 3, pp. 255-268

Persistent link: https://www.econbiz.de/10012224740

Order flow segmentation, liquidity and price discovery : the role of latency delays

Brolley, Michael; Cimon, David A. - 2018

Latency delays - known as "speed bumps" - are an intentional slowing of order flow by exchanges. Supporters contend that delays protect market makers from high-frequency arbitrage, while opponents warn that delays promote "quote fading" by market makers. We construct a model of informed trading...

Persistent link: https://www.econbiz.de/10011814231

Regulated markets, alternative trading venues & systematic internalisers in Europe

Busch, Danny; Gulyás, Han - 2020

The purpose of this paper is to explain the similarities and differences between regulated markets (RMs), alternative trading venues (i.e. multilateral trading facilities / MTFs and organised trading facilities / OTFs), and systematic internalisers (SIs) in Europe. The structure of the paper is...

Persistent link: https://www.econbiz.de/10012437013

Human vs. machine: disposition effect among algorithmic and human day traders

Liaudinskas, Karolis - 2022

This paper studies whether and why algorithmic traders exhibit one of the most broadlydocumented behavioral puzzles - the disposition effect. We use trade data from the NASDAQ Copenhagen Stock Exchange merged with the weather data. We find that on average, the disposition effect for human...

Persistent link: https://www.econbiz.de/10013207355

Is high-frequency trading tiering the financial markets?

Virgilio, Gianluca - In: Research in international business and finance 41 (2017), pp. 158-171

Persistent link: https://www.econbiz.de/10011912994

Simulation Studies of Automated Trading Algorithms for Financial Exchanges Operating Frequent Batch Auctions

Savidge, Daniel; Cliff, Dave - 2023

-effects of High-Frequency Trading (HFT) systems which trade at super-human speeds. In this paper we report on simulation studies … of automated trading in FBA-based financial markets: we have extended a long-established open-source simulation model of … conducting more than 1.7M simulation experiments, we examine the pairwise dominance relationships of six well-known trading …

Persistent link: https://www.econbiz.de/10014353341

Assessing the impact of algorithmic trading on markets : a simulation approach

Gsell, Markus - 2008

impact of such concepts, e.g. effects on the price formation or the volatility of prices, a simulation environment is … conducted by comparing different simulation runs including and excluding a trader constituting an algorithmic trading model in … market prices. On the other hand, lower latency appears to lower market volatility. -- Algorithmic Trading ; Simulation …

Persistent link: https://www.econbiz.de/10003863919