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Equity Markets in Transition pp 337–361Cite as

The Role of High-Frequency Trading in Modern Financial Markets

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Abstract

In the past decades, financial markets have undergone a profound change driven by a combination of technological advancement and fierce competition between both market participants and marketplaces. The technological advancement has moved market venues from floor to electronic venues and in that process generated substantial benefits to the investing public as cost of market entry has been drastically reduced with respect to:

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Bibliography

  • Bloomberg, Published Article, Apr 2nd, 2014. ‘High-Speed Trading Used to Mean Carrier Pigeons. http://www.bloombergview.com/articles/2014-04-02/high-speed-trading-used-to-be-for-the-birds

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Author information

Authors and Affiliations

  1. Eurex Frankfurt AG, Mergenthalerallee 61, 65760, Eschborn, Germany

    Wolfgang Eholzer & Randolf Roth

Authors
  1. Wolfgang Eholzer
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  2. Randolf Roth
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Corresponding author

Correspondence to Wolfgang Eholzer .

Editor information

Editors and Affiliations

  1. Faculty of Economics and Business Administration, University of Basel, Basel, Switzerland

    Reto Francioni

  2. Zicklin School of Business Baruch College/CUNY, New York, New York, USA

    Robert A. Schwartz

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Eholzer, W., Roth, R. (2017). The Role of High-Frequency Trading in Modern Financial Markets. In: Francioni, R., Schwartz, R. (eds) Equity Markets in Transition. Springer, Cham. https://doi.org/10.1007/978-3-319-45848-9_12

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