We examine the impact of increasing competition among the fastest traders by analyzing a new low-latency microwave …

We examine the impact of increasing competition among the fastest traders by analyzing a new low-latency microwave …

This paper investigates the relationship between the log change in mobile broadband latency and total factor … year lag of latency growth once controlling for the growth of labor and capital services in OECD countries. The … interpretation of the findings is that a 10 percentage points decrease in the growth of latency in period t-1 is associated with an …

, contemporary stock market designs are prone to latency arbitrage. In turn, we propose a new order type, which allows traders to … specify the time at which their orders are executed after reaching the exchange. Using recent latency data, we demonstrate …-frequency traders, even if they operate at the speed of light, can no-longer engage in latency arbitrage. …

of combinatorial optimization, such as the minimum latency problem, the multiple deliverymen problem, single machine and …

practice. In concrete terms, it examines a variant of high-frequency trading that is all about speed - low-latency trading - in … light of moral issues surrounding arbitrage, information asymmetries, and systemic risk. The essay focuses on low-latency … is morally neutral is wrong. For instance, speed is a necessary condition for low-latency trading's potential to cause …