Global Algorithmic Capital Markets

High Frequency Trading, Dark Pools, and Regulatory Challenges
Erscheinungsjahr 2019
ISBN: 978-0-19-882946-1
Verlag: Sydney University Press

Buch, Englisch, 386 Seiten, Format (B × H): 168 mm x 240 mm, Gewicht: 736 g

Global capital markets have undergone fundamental transformations in recent years and, as a result, have become extraordinarily complex and opaque. Trading space is no longer measured in minutes or seconds but in time units beyond human perception: milliseconds, microseconds, and even nanoseconds. Technological advances have thus scaled up imperceptible and previously irrelevant time differences into operationally manageable and enormously profitable business
opportunities for those with the proper high-tech trading tools. These tools include the fastest private communication and trading lines, the most powerful computers and sophisticated algorithms capable of speedily analysing incoming news and trading data and determining optimal trading strategies in
microseconds, as well as the possession of gigantic collections of historic and real-time market data.

Fragmented capital markets are also becoming a rapidly growing reality in Europe and Asia, and are an established feature of U.S. trading. This raises urgent market governance issues that have largely been overlooked. Global Algorithmic Capital Markets seeks to understand how recent market transformations are affecting core public policy objectives such as investor protection and reduction of systemic risk, as well as fairness, efficiency, and transparency.

The operation and health of capital markets affect all of us and have profound implications for equality and justice in society. This unique set of chapters by leading scholars, industry insiders, and regulators discusses ways to strengthen market governance for the benefit of society at whole.

Autoren/Hrsg.

Mattli, Walter

Fachgebiete

• Mathematik | Informatik EDV | Informatik Informatik Künstliche Intelligenz
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein
• Mathematik | Informatik EDV | Informatik EDV & Informatik Allgemein
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Finanzsektor & Finanzdienstleistungen: Allgemeines
• Sozialwissenschaften Politikwissenschaft Regierungspolitik Wirtschafts- und Finanzpolitik
• Wirtschaftswissenschaften Volkswirtschaftslehre Wirtschaftspolitik, politische Ökonomie
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Bankwirtschaft

Über Autor(innen)

Walter Mattli is Professor of International Political Economy at the University of Oxford. He joined Oxford in 2004 after teaching for a decade at Columbia University in New York. He received his undergraduate degree from the University of Geneva and his Ph.D. from the University of Chicago. Before beginning his graduate studies, he worked in international banking in New York. He has held fellowships at the Wissenschaftskolleg (Institute for Advanced Studies) in
Berlin, the American Academy in Berlin, Princeton University, and the European University Institute in Florence.