Initially designed as an automated ledger tool, Excel swiftly evolved into a data analytics platform for financial analysts to execute intricate financial analyses. Excel is so commonplace in the financial industry that many do not even consider it a fintech tool. The transformation of Excel...

This paper examines herding among hedge fund styles and uncovers new intuitions about the industry. By examining hedge fund style index returns using four techniques, we show that perceptions of herding may differ based on the choice of analytical method. Our analysis with independent component...

All of finance is automated. This paper examines the ethical implications of this evolution. As automation is an interdisciplinary endeavor, we argue that the interfaces between the respective professions can lead to conflicting ethical perspectives. Such conflicts provide insufficient...

AT 9000 is an industry-specific quality management system standard for automated and algorithmic trading. The aim of AT 9000 is to address the safety issues inherent in automated trading by way of industry self-regulation. While the project is being developed under the ANSI/X9 umbrella, the goal...

Automated trading now dominates the financial markets. Yet, no philosophy of academic research into the topic exists. As the growth in automated trading suggests their greater returns and predictability, this paper examines stability and statistical control of trading process outputs as method...