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Global Algorithmic Capital Markets

By Walter Mattli

Global Algorithmic Capital Markets

By Walter Mattli

0 - Default Title
Description
Global capital markets have undergone fundamental transformations in recent years and, as a result, have become extraordinarily complex and opaque. Trading space is no longer measured in minutes or seconds but in time units beyond human perception: milliseconds, microseconds, and even nanoseconds. Technological advances have thus scaled up imperceptible and previously irrelevant time differences into operationally manageable and enormously profitable business opportunities for those with the proper high-tech trading tools. These tools include the fastest private communication and trading lines, the most powerful computers and sophisticated algorithms capable of speedily analysing incoming news and trading data and determining optimal trading strategies in microseconds, as well as the possession of gigantic collections of historic and real-time market data. Fragmented capital markets are also becoming a rapidly growing reality in Europe and Asia, and are an established feature of U.S. trading. This raises urgent market governance issues that have largely been overlooked. Global Algorithmic Capital Markets seeks to understand how recent market transformations are affecting core public policy objectives such as investor protection and reduction of systemic risk, as well as fairness, efficiency, and transparency. The operation and health of capital markets affect all of us and have profound implications for equality and justice in society. This unique set of chapters by leading scholars, industry insiders, and regulators discusses ways to strengthen market governance for the benefit of society at whole.
Product details
Number of Pages:
386
Release Date:
2019-02-20
Publication Date:
2019-02-20
Publisher:
OXFORD UNIV PR
Languages:
Original: English
ISBN10:
0198829469
ISBN13:
9780198829461
GPSR Manufacturer Reference:
[email protected]
Weight:
743 g
Height:
161 cm
Width:
240 cm
Thickness:
25 cm
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