EVOLUTION OF HIGH-FREQUENCY TRADE

Present day exchange trade using computer algorithm (or high frequency robots) that can make independent trade decisions and function without man’s involvement is becoming quite usual. Intensive technological upgrading of finance markets fostered the development of high-frequency trade, thus ways of...

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Autores principales:	Ol'ga A. Grishina, Ruslan R. Iskyandyarov
Formato:	article
Lenguaje:	RU
Publicado:	Plekhanov Russian University of Economics 2018
Materias:	high-frequency trade hft exchange trade exchange Economics as a science HB71-74
Acceso en línea:	https://doaj.org/article/2105a346e0284d4b86005046043bb0dd
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spelling	oai:doaj.org-article:2105a346e0284d4b86005046043bb0dd2021-11-15T05:20:46ZEVOLUTION OF HIGH-FREQUENCY TRADE2413-28292587-925110.21686/2413-2829-2018-2-30-38https://doaj.org/article/2105a346e0284d4b86005046043bb0dd2018-03-01T00:00:00Zhttps://vest.rea.ru/jour/article/view/455https://doaj.org/toc/2413-2829https://doaj.org/toc/2587-9251Present day exchange trade using computer algorithm (or high frequency robots) that can make independent trade decisions and function without man’s involvement is becoming quite usual. Intensive technological upgrading of finance markets fostered the development of high-frequency trade, thus ways of conducting trade transactions were transformed. In line with technology development the speed of transactions being carried out by high-frequency robots increased considerably during the last two decades. The majority of research dealing with assessment of highfrequency trade impact mention the wide spread of the latter and, consequently the growth in its market share, especially on stock exchanges. At the same time the drawback of various research is the limited analysis of reasons for high-frequency trade popularity and preconditions of its evolution. Apart from this many researchers neglected the fact that the development of high-frequency trade was promoted not only by technological evolution of computer systems but by legislative regulation, first of all in the USA. High-frequency trade was initially developed on US stock exchange and even today it is actually the only one news-maker in the field. The article reviews the key stages of exchange trade development, which foster establishment and evolution of high – frequency trade and shows legislative initiatives that caused its popularity. The authors present arguments for and against highfrequency trade and analyze current legislative initiatives that disclose potential trend aimed at the development of the system regulating high-frequency robots’ functioning.Ol'ga A. GrishinaRuslan R. IskyandyarovPlekhanov Russian University of Economicsarticlehigh-frequency tradehftexchange tradeexchangeEconomics as a scienceHB71-74RUВестник Российского экономического университета имени Г. В. Плеханова, Vol 0, Iss 2, Pp 30-38 (2018)
institution	DOAJ
collection	DOAJ
language	RU
topic	high-frequency trade hft exchange trade exchange Economics as a science HB71-74
spellingShingle	high-frequency trade hft exchange trade exchange Economics as a science HB71-74 Ol'ga A. Grishina Ruslan R. Iskyandyarov EVOLUTION OF HIGH-FREQUENCY TRADE
description	Present day exchange trade using computer algorithm (or high frequency robots) that can make independent trade decisions and function without man’s involvement is becoming quite usual. Intensive technological upgrading of finance markets fostered the development of high-frequency trade, thus ways of conducting trade transactions were transformed. In line with technology development the speed of transactions being carried out by high-frequency robots increased considerably during the last two decades. The majority of research dealing with assessment of highfrequency trade impact mention the wide spread of the latter and, consequently the growth in its market share, especially on stock exchanges. At the same time the drawback of various research is the limited analysis of reasons for high-frequency trade popularity and preconditions of its evolution. Apart from this many researchers neglected the fact that the development of high-frequency trade was promoted not only by technological evolution of computer systems but by legislative regulation, first of all in the USA. High-frequency trade was initially developed on US stock exchange and even today it is actually the only one news-maker in the field. The article reviews the key stages of exchange trade development, which foster establishment and evolution of high – frequency trade and shows legislative initiatives that caused its popularity. The authors present arguments for and against highfrequency trade and analyze current legislative initiatives that disclose potential trend aimed at the development of the system regulating high-frequency robots’ functioning.
format	article
author	Ol'ga A. Grishina Ruslan R. Iskyandyarov
author_facet	Ol'ga A. Grishina Ruslan R. Iskyandyarov
author_sort	Ol'ga A. Grishina
title	EVOLUTION OF HIGH-FREQUENCY TRADE
title_short	EVOLUTION OF HIGH-FREQUENCY TRADE
title_full	EVOLUTION OF HIGH-FREQUENCY TRADE
title_fullStr	EVOLUTION OF HIGH-FREQUENCY TRADE
title_full_unstemmed	EVOLUTION OF HIGH-FREQUENCY TRADE
title_sort	evolution of high-frequency trade
publisher	Plekhanov Russian University of Economics
publishDate	2018
url	https://doaj.org/article/2105a346e0284d4b86005046043bb0dd
work_keys_str_mv	AT olgaagrishina evolutionofhighfrequencytrade AT ruslanriskyandyarov evolutionofhighfrequencytrade
_version_	1718428665760448512

EVOLUTION OF HIGH-FREQUENCY TRADE

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