Market Design and Regulation in the Presence of High-Frequency Trading
December 7-8, 2017
City University of Hong Kong, Hong Kong
Organized by Global Research Unit at Department of Economics and Finance, City University of Hong Kong, and Center for Analytical Finance, University of California, Santa Cruz
Call for Papers
Program (Updated! 06 Dec 2017)
Global Research Unit, City University of Hong Kong
Center for Analytical Finance, University of California, Santa Cruz
About the Conference
Automated, low-latency trading has become prevalent in financial markets during the last decade. Only recently have policy makers and private institutions taken actions aimed to mitigate the negative consequences of aggressive high-frequency trading (HFT). Several examples include (1) in Oct 2015, BATS Chi-X Europe instituted a frequent call market to run in parallel with its traditional continuous limit order book, (2) in June 2016, Investors Exchange LLC (IEX) obtained SEC approval to operate a public exchange which delays all inbound and outbound messages to their system, and (3) in August 2016, the Securities and Exchange Board of India commissioned a study of potential regulations to delay or randomize orders at India’s National Stock Exchange. The impact of new trading mechanisms and regulations, however, is not fully understood and further study by academics, practitioners and regulators is vital. This conference will provide a platform for discussing advances in research related to market design and regulation of high-frequency trading, striking a balance between academic rigor and policy relevance.
We invite researchers to present their original work on topics including, but are not necessarily limited to, the following:
Those interested in participating should send a complete paper or an extended abstract in WORD or PDF format via email to firstname.lastname@example.org by September 15, 2017. Authors of accepted papers will be notified by October 3, 2017. Final versions of the accepted papers will be posted on the conference website (https://www.cb.cityu.edu.hk/ef/conference/2017_HFT/). Presenters may apply for financial support to cover economy class airfare and local accommodation expenses.
Peter Bossaerts, University of Melbourne
Allison Bishop, IEX and Columbia University
Yin-Wong Cheung, City University of Hong Kong
Nirvikar Singh, Center for Analytical Finance, University of California, Santa Cruz
Eric Aldrich, Center for Analytical Finance, University of California, Santa Cruz
Kristian Lopez-Vargas, Center for Analytical Finance, University of California, Santa Cruz
Zhong Zhang, City University of Hong Kong
Yin-Wong Cheung: email@example.com
Nirvikar Singh: firstname.lastname@example.org
We thank the Hung Hing Ying and Leung Hau Ling Charitable Foundation (孔慶熒及梁巧玲慈善基金) for their support through the Hung Hing Ying Chair Professorship of International Economics (孔慶熒講座教授(國際經濟)).