Tag Archives: High-Frequency Trading

Tapping the Brakes: Are Less Active Markets Safer and Better for the Economy?

From Joe Stiglitz and summarized by Felix Salmon:

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High Frequency Trading

There has been a lot of buzz about Michael Lewis’s new book and high frequency trading. Eric Budish has a recent paper and proposal that has been getting a lot of attention from policymakers. Here is a Booth debate with Eric … Continue reading

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The High-Frequency Trading Arms Race: Frequent Batch Auctions as a Market Design Response

From Eric Budish, Peter Cramton, and John Shim: We argue that the continuous limit order book is a flawed market design and propose that financial exchanges instead use frequent batch auctions: uniform-price sealed-bid double auctions conducted at frequent but discrete time … Continue reading

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