Cost/Benefit of High-Frequency Trading

On Marginal Revolution, Tyler Cowen discusses high-frequency trading and gets to the nub of the issue: The philosophical question is why it might possibly be beneficial to have market prices adjust within five seconds rather than within fifteen.…

Countering High-Frequency Trading

The recent NYT article by Charles Duhigg on high-frequency trading (HFT) has set off a flurry of argument about the benefits and threats of this activity to financial trading systems. The revelation that some systems provide advance information…
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2009 Trading Agent Competition Results

The tenth annual Trading Agent Competition was completed earlier this month at the IJCAI-09 conference in Pasadena, California. TAC-09 featured three games: the supply chain management, market design, and ad auction games. Preliminary rounds began in June, involving 42 teams from 14 countries.