Report looking at the effect of algorithmic trading on firms’ equity capital.
Ref: BIS/12/1056 PDF, 430KB, 36 pages
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This report examines algorithmic trading intensity and its relation to firms’ ability to raise new capital. It uses a large sample from 2001 to 2009 that includes transactions data from 39 exchanges and an average of 12,800 different common stocks to assess the effects of algorithmic trading.
This review was commissioned as part of the Foresight project on the future of computer trading.