What (If Anything) is Wrong with High-Frequency Trading?
نویسندگان
چکیده
Abstract This essay examines three potential arguments against high-frequency trading and offers a qualified critique of the practice. In concrete terms, it variant that is all about speed—low-latency trading—in light moral issues surrounding arbitrage, information asymmetries, systemic risk. The focuses on low-latency role speed because also aims to show commonly made assumption in financial markets morally neutral wrong. For instance, necessary condition for trading’s cause harm “flash crashes.” On other hand, plays crucial Lockean defense being wasteful developed this essay. Finally, discusses implications these findings related techniques like futures arbitrage or latency arbitrage—as well as an argument why quote stuffing Overall, qualifications offered act counterbalance overblown claims at high speeds
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ژورنال
عنوان ژورنال: Journal of Business Ethics
سال: 2022
ISSN: ['0167-4544', '1573-0697']
DOI: https://doi.org/10.1007/s10551-022-05145-7