1.Cox School of Business, Southern Methodist University, Dallas, USA ;2.Richard A. Chaifetz School of Business, Saint Louis University, 3674 Lindell Blvd.., St. Louis, MO, 63108, USA ;
Abstract:
Review of Accounting Studies - High frequency traders (HFTs) account for a significant fraction of the total market volume. Prompted by concerns that HFTs reap unfair advantages over other traders...