Does low latency trading improve market efficiency? A discussion
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DOI: 10.1016/j.jacceco.2020.101342
Abstract: Abstract Chordia and Miao (2020) provide evidence that low-latency trading (LLT) improves the long-term informational efficiency of stock prices. This discussion raises two primary concerns with their analysis. First, the mechanism through which LLT enhances… read more here.
Keywords: market; latency trading; low latency; efficiency ... See more keywords