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Market Structure, Incentives, and Fragility


Abstract: The factors that have contributed to the adoption of high-speed trading and affected market structure in recent years include competition, technology, and regulation. The unexpected ways in which these dynamic forces are coming together raise a number of important policy issues.

Keywords: high-speed trading; market manipulation;

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Provider: Federal Reserve Bank of Chicago

Part of Series: Chicago Fed Letter

Publication Date: 2014

Issue: Mar

Order Number: 320