High-Frequency Trading and Its Impact on Market Liquidity: a Review of Literature

dc.contributor.author Bodur, Mehmet
dc.contributor.author Ersan, Oğuz
dc.contributor.author Ekinci, Cumhur
dc.contributor.author Dalgıç, Nihan
dc.date.accessioned 2023-10-19T14:55:52Z
dc.date.available 2023-10-19T14:55:52Z
dc.date.issued 2021
dc.description.abstract High-frequency trading (HFT) has been dominating the activity in developedfinancial markets in the last two decades. Despite its recent formation, theliterature on the impacts of HFT on financial markets and participants isbroad. However, there are ongoing debates and unanswered questionswithin many subtopics. We survey through the research towards HFT effectson liquidity in an attempt to explain the coexistence of evidence regardingboth the positive and the negative impacts of HFT. We name two mainfactors leading to mixed results. Former concerns the negative marketconditions such as intraday shocks, through which HFT trading patternsmay sharply change. Latter regards the certain characteristics of HFTliquidity provision with the potential to present externalities for the market. en_US
dc.identifier.citationcount 0
dc.identifier.doi 10.29023/alanyaakademik.799039
dc.identifier.issn 2547-9733
dc.identifier.issn 2651-4192
dc.identifier.uri https://doi.org/10.29023/alanyaakademik.799039
dc.identifier.uri https://search.trdizin.gov.tr/yayin/detay/432754
dc.identifier.uri https://hdl.handle.net/20.500.12469/4600
dc.language.iso en en_US
dc.relation.ispartof Alanya Akademik Bakış en_US
dc.rights info:eu-repo/semantics/openAccess en_US
dc.title High-Frequency Trading and Its Impact on Market Liquidity: a Review of Literature en_US
dc.type Article en_US
dspace.entity.type Publication
gdc.author.institutional Ersan, Oğuz
gdc.bip.impulseclass C5
gdc.bip.influenceclass C5
gdc.bip.popularityclass C5
gdc.coar.access open access
gdc.coar.type text::journal::journal article
gdc.description.departmenttemp Kadir Has Üniversitesi, Mühendislik Fakültesi, Finans Mühendisliği Bölümü -- Kadir Has Üniversitesi, İşletme Fakültesi, Uluslararası Ticaret ve Finans Anabilim Dalı -- İstanbul Teknik Üniversitesi, İşletme Fakültesi, İşletme Mühendisliği Bölümü -- Yeditepe Üniversitesi, Sosyal Bilimler Enstitüsü, Finansal İktisat Bölümü en_US
gdc.description.endpage 368 en_US
gdc.description.issue 1 en_US
gdc.description.publicationcategory Makale - Ulusal Hakemli Dergi - Kurum Öğretim Elemanı en_US
gdc.description.startpage 345 en_US
gdc.description.volume 5 en_US
gdc.identifier.openalex W3097592532
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gdc.identifier.trdizinid 432754 en_US]
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gdc.oaire.keywords Finans
gdc.oaire.keywords Extreme price movements
gdc.oaire.keywords High-frequency trading;HFT;Liquidity;Intraday shocks;Extreme price movements
gdc.oaire.keywords Liquidity
gdc.oaire.keywords Intraday shocks
gdc.oaire.keywords HFT
gdc.oaire.keywords High-frequency trading
gdc.oaire.keywords Finance
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