Instead, we need to burn the entire system of financial regulation to the ground and replace it with something that supports investing the way it’s done today.
Government agencies are investigating how to start regulating trading algorithms. But algorithms are ubiquitous and we need to make sure we don’t stamp out good ones.
People in all manner of professions from economists and real estate agents to stockbrokers and doctors are beginning to recognise the huge potential and power of unconventional data.
New research shines light on whether creating such a haven as a new type of exchange that slows trading down a bit could attract enough traders to be effective.
The past three decades have seen an unprecedented explosion of activity in a new sub-discipline of mathematics: financial mathematics. The emergence of this field has parallelled the expansion of the quantitative…
The word “speculation” carries a connotation of negativity. And it’s probably fair to say that pretty much every financial crisis since the tulip mania of the 1630s can be attributed to some sort of mass…
High-frequency trading, where computer algorithms are programmed to buy and sell financial products in a fraction of a second, is a profitable business but also a controversial practice. Regulators are…
Adrian Lee, University of Technology Sydney and KIHoon Hong, University of Technology Sydney
As the sixth iteration of The Fast and the Furious franchise rolls out in cinemas, a greater speed demon lurks in our financial markets: high-frequency traders (HFTs). While the good guys in Fast 6 are…
In language that is more in keeping with hackers and crime syndicates, the Financial Times reported last week that the FBI was going to assist securities regulators in the US to tackle “dark pools” and…
The Minister for Financial Services and Superannuation recently announced new ASIC Market Integrity Rules to address the growth in automated trading and the changing nature of dark liquidity in equities…
The dangers of massive high frequency trading are becoming increasingly clear in equity markets. Greg Medcraft, the chairman of corporate regulator ASIC, confirmed to a Federal parliamentary committee…
Today for the first time in its history, the Australian Securities Exchange will face competition in equities trading. This means that there will now be a choice of trading venue for the execution of orders…
Stock market trading has been transformed over the last two decades in ways that are fated to increase the likelihood of complete market collapse. Stocks used to be traded by human beings through shouted…