The tick value is a crucial component of market design and is often considered the most suitable tool to mitigate the effects of high frequency trading. The goal of this paper is to demonstrate that the approach introduced in Dayri and Rosenbaum (2015) allows for an ex ante assessment of the...

There is a big controversy about the consequences of High-Frequency Traders (HFTs) activity on market quality. This empirical study uses a unique data set provided by the French regulator "Autorité des Marchés Financiers" and gives some evidence concerning the practices of these members under...