Big bucks from small change (FCA)

A research paper from the Financial Conduct Authority

From:
Competition and Markets Authority
Published
22 August 2022
Category:
Ad hoc research
Original publisher:
Financial Conduct Authority
Research area:
Financial services, Technology
Research topic:
Fintech
Research publish date:
27 January 2020

Abstract

Latency races are worth a few dollars a time and take place in a timescale of micro-seconds, but for high frequency traders the stakes soon add up. For the first time, economists at the FCA and the University of Chicago have put some hard numbers on the costs.

Citation

FCA, Big bucks from small change (2020). [online] Available at: Big bucks from small change [Accessed 22 August 2022]

https://www.fca.org.uk/insight/big-bucks-small-change

Published 22 August 2022
Contents