Buried deep in the UK Foresight report on computer trading in financial markets is a paper titled “Impersonal efficiency and the dangers of a fully automated securities exchange” by Daniel Beunza of the London School of Economics . This is what you may call a “common sense” paper. Rather than rattling off streams of mathematical formulas like most academic papers on high frequency trading love to do, this paper takes a step back and identifies new types of risk that have entered the market now that humans have basically
This content is restricted to site members. If you are an existing user, please login. New users may register below.