High Frequency Trading: Strategic Competition Between Slow and Fast Traders

Abstract

In the following paper we analyze the strategic competition between fast and slow traders. The model of Kyle (1985) is adapted to analyze the effect of speed in such a model. A High Frequency Trader (HFT) is defined as a... [ view full abstract ]

Authors

  1. Fabrice Rousseau (May)
  2. Laurent Germain (University of Toulouse, Toulouse Business School)
  3. Herve Boco (University of Toulouse, Toulouse Business School)

Topic Area

Financial Economics

Session

1A » Industrial Organisation & Game Theory (09:00 - Thursday, 4th May, Meeting Room 1)

Paper

HFT_Final.pdf

Presentation Files

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