Additional Readings and Videos
High-Frequency Trading
Readings
FCA researchers outline $5bn ‘tax’ imposed by high-speed trading. Philip Stafford. (Jan 27, 2020). Retrieved August 10, 2020, from https://www.ft.com/content/6eba2a7a-4114-11ea-bdb5-169ba7be433d
Paying for Speed- Are Traders Wasting Money? Anna Sharratt. (Mar 8, 2016). Retrieved August 10, 2020, from https://smith.queensu.ca/insight/content/paying_for_speed_are_traders_wasting_money.php
Robot Auction Bidders Are Such Buzzkills. Kenza Moller. (Oct 21, 2015). Retrieved August 12, 2020, from https://smith.queensu.ca/insight/content/robot_action_bidders_are_such_buzzkills.php
Making Sense of the Fast — and the Furious. Anna Sharratt. (Sep 23, 2014). Retrieved August 12, 2020, from https://smith.queensu.ca/insight/content/making-sense-of-the-fast--and-the-furious.php
Flash Crash
Readings
2010 Flash Crash. Various authors. (Sep 26, 2020). Retrieved August 10, 2020, from https://en.wikipedia.org/wiki/2010_flash_crash
Flash Crash — the trading savant who crashed the US stock market. Katie Martin. (May 7, 2020). Retrieved August 10, 2020, from https://www.ft.com/content/5ca93932-8de7-11ea-a8ec-961a33ba80aa
Optional Video: Money & Speed - Inside the Black Box
Optional video
Speed Bumps
Readings
- Dark Side of Delaying Order Execution. Jun Aoyagi. (Sep 30, 2020). Retrieved Nov 26, 2020, from https://haas.berkeley.edu/wp-content/uploads/Jun-Aoyagi-Slides.pdf
Dark Pools
Readings
CBOE dives into Canadian dark pool trading with acquisition. BNN Bloomberg. (n.d.). Retrieved Aug 11, 2020, from https://www.bnnbloomberg.ca/video/cboe-dives-into-canadian-dark-pool-trading-with-acquisition~1962018
Dark Pool Trading System & Regulation. CFA Institute. (n.d.). Retrieved Aug 11, 2020, from https://www.cfainstitute.org/en/advocacy/issues/dark-pools