Research and analysis

Computer trading: impersonal efficiency and the dangers of a fully automated securities exchange

Report looking at the risks of market automation.

Documents

Impersonal efficiency and the dangers of a fully automated securities exchange (DR11)

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Details

This report identifies impersonal efficiency as a driver of market automation during the past 4 decades, and speculates about the future problems it might pose.

This review was commissioned as part of the Foresight project on the future of computer trading.

Published 8 September 2011