Algorithmic trading, the Flash Crash, and coordinated circuit breakers

Avanidhar Subrahmanyam

Borsa Istanbul Review, 2013, vol. 13, issue 3, 4-9

Abstract: Exchange officials and policymakers are interested in whether high frequency trading causes excessive price fluctuations and whether to impose circuit breakers in financial markets to combat such fluctuations. We review the literature on these topics and draw some conclusions on the likely impact of circuit breakers on financial markets.

JEL-codes: G1 G20 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (20)

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