Does Algorithmic Trading Improve Liquidity
作者： Albert J. Menkveld , Terrence Hendershott , Charles M. Jones
DOI:
关键词: Algorithmic trading 、 High-frequency trading 、 Electronic trading 、 Pairs trade 、 Financial economics 、 Alternative trading system 、 Economics 、 Trading strategy 、 Trading turret 、 Dark liquidity
摘要: Algorithmic trading (AT) has increased sharply over the past decade. Does it improve market quality, and should it be encouraged? We provide the first analysis of this question. The …
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