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HFT RESPONSE TO NEWS AND VOLATILITY IBD

KARA F. ROSIER
04 / 2023
9781048029437
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Sinopsis

The emergence of high-frequency traders (hereafter, HFTs), that is, investors using computers to tradeásecuritiesáoveráextremelyáshortátimeáintervals,áisáaámajoráchangeáinátheáásecuritiesámarkets overátheálastádecade.ááNowadays,áHFTsáareáoneáofátheámajoráplayersááinátheáU.S.ástockámarkets, accounting for more than 40% of NASDAQ dollar volume in 2009á(Hirschey (2014)).áThis situation has provoked heated debate about how to correctly define theárole of HFTs in the equities markets,as well as about their overall contribution to the market quality.

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