Risk and return in high-frequency trading
We study performance and competition among firms engaging in high-frequency trading (HFT). We construct measures of latency and find that differences in relative latency account for large differences in HFT firms' trading performance. HFT firms that improve their latency rank due to colocation...
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Cambridge University Press
2019
|
| Online Access: | View Fulltext in Publisher |