 SPREADING OF ALGORITHMIC AND HIGH-FREQUENCY TRADING ON INTERNATIONAL STOCK MARKETS – ARE THEY APPLICABLE IN BULGARIA AS WELL?Yearbook of the Faculty of Economics and Business Administration, Sofia University, 2020, vol. 18, issue 1, 247-266 Abstract: This article analyzes the origins and recent development of algorithmic and high-frequency trading platforms in the USA, Europe and Asia. Legal aspects and minimizing of transaction costs are considered.Classification of algorithms and different types of algorithmic trading strategies are discussed as well as trends in their usage. The focus is entirely placed on the Bulgarian Stock Exchange. Thus, this paper discusses the circumstances on the Bulgarian capital market and the needed criteria, that should be met in order to establish the ground of the application of algorithmic and high-frequency trading. Such criteria include high liquidity and trading volumes, block trading, transaction costs and investment brokers. The article concludes, that only systematic trading is practically applicable on the Bulgarian Stock Exchange. Keywords: algorithmic trading; high-frequency trading; electronic communication networks; systematic trading platforms; Bulgarian Stock Exchange. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:sko:yrbook:v:18:y:2020:i:1:p:247-266 Access Statistics for this article More articles in Yearbook of the Faculty of Economics and Business Administration, Sofia University from Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski - Bulgaria Contact information at EDIRC. |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.