Projects per year
Abstract / Description of output
This article contains the first detailed historical study of one of the new high-frequency trading (HFT) firms that have transformed many of the world’s financial markets. The study, of one of the earliest and most important such firms, Automated Trading Desk (ATD), focuses on how ATD’s algorithms predicted share price changes. The article argues that political-economic struggles are integral to the existence of some of the ‘pockets’ of predictable structure in the otherwise random movements of prices, to the availability of the data that allow algorithms to identify these pockets, and to the capacity of algorithms to use these predictions to trade profitably. The article also examines the role of HFT algorithms such as ATD’s in the epochal, fiercely contested shift in US share trading from ‘fixed-role’ markets towards ‘all-to-all’ markets.
Original language | English |
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Pages (from-to) | 172-194 |
Number of pages | 23 |
Journal | Social Studies of Science |
Volume | 47 |
Issue number | 2 |
Early online date | 6 Dec 2016 |
DOIs | |
Publication status | Published - 1 Apr 2017 |
Keywords / Materials (for Non-textual outputs)
- High-frequency trading
- HFT
- Automated Trading Desk
- political economy
- prediction
- fixed-role markets
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Dive into the research topics of 'A material political economy: Automated Trading Desk and price prediction in high-frequency trading'. Together they form a unique fingerprint.Projects
- 1 Finished
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EVALUATION PRACTICES IN FINANCIAL MARKETS
MacKenzie, D. & Hardie, I.
1/09/12 → 31/08/18
Project: Research