High-Frequency Trading and Its Impact on Markets

被引：21
|
作者：
O'Hara, Maureen [1 ]
机构：
[1] Cornell Univ, Johnson Grad Sch Management, Ithaca, NY 14853 USA
来源：
FINANCIAL ANALYSTS JOURNAL | 2014年 / 70卷 / 03期
关键词：
FLOW TOXICITY; LIQUIDITY;
D O I：
10.2469/faj.v70.n3.6
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
At the 2013 CFA Institute Financial Analysts Seminar, held in Chicago on 22-25 July, Maureen O'Hara discussed a new market paradigm: Trading has become faster, and market structure has fundamentally changed. In today's market, high-frequency traders (HFTs) act on information revealed by low-frequency traders (LFTs). To survive, LFTs must avoid being detected by predatory algorithms of HFTs. LFTs can thrive by adopting trading strategies appropriate to the high-frequency trading world.
引用
收藏
页码：18 / 27
页数：10
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