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Disrupting Wall Street: High Frequency Trading

Derrick Neufeld; Brad Evans

商品編號:9B14E021
出版日期:2014/10/30
再版日期:2014/10/29
商品來源:
商品主題:Information Systems
商品類型:Case (Pub Mat)
涵蓋議題:Information technology;stock exchange;ethical issues;United States
難易度:4 - Undergraduate/MBA
內容長度:11 頁
地域:United States
產業:Finance and Insurance
事件年度:2014

Michael Lewis’s book Flash Boys, published in 2014, revealed to the public numerous controversial Wall Street trading practices made possible by advances in technology as well as regulatory changes that were (ironically) intended to improve pricing fairness in the financial markets. Lewis’s story focused on the man who blew the whistle: Brad Katsuyama, a Canadian banker who ran the New York trading desk for the Royal Bank of Canada. In 2010, he had noticed some odd system responses to his trading requests and began to ask questions. The answers he discovered, and publicized, about high frequency trading set off a firestorm regarding the moral integrity of the financial markets. Very few people understood what was happening, and fewer still comprehended the central role played by information technology.

Questions remain: How does information technology influence our concept of wealth? Why do “flash crashes” occur? Are the markets rigged? Will the next disruption to the financial markets involve technology?

教學手冊:Disrupting Wall Street: High Frequency Trading - Teaching Note
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