Technological advances in equity markets entered the spotlight following the Flash Crash of May 2010. This column analyses the advantages and disadvantages of algorithmic and high-frequency trading. Ever-faster exchanges do not always improve liquidity. Following a speed upgrade in the Nordic equity markets, effective spreads posted by high-frequency traders increased by 32%.
Most Read
Vox eBooks
Events
-
19 - 19 February 2020 / Milan, Italy / SUERF and UniCredit Foundation
-
13 - 13 March 2020 / London / UK Network for Environmental Economists
-
20 - 20 March 2020 / University of Paris Nanterre / EconomiX-CNRS and the Doctoral School EOS (Université Paris Ouest - Nanterre La Défense), CeReFiM (University of Namur), LFIN (Université Catholique de Louvain-Louvain School of Management) and LEO (Université d'Orléans)
-
25 - 26 March 2020 / London, United Kingdom / Bank of England, CEPR and Imperial College
-
27 - 27 March 2020 / San Francisco / Federal Reserve Bank of San Francisco
