×
Well done. You've clicked the tower. This would actually achieve something if you had logged in first. Use the key for that. The name takes you home. This is where all the applicables sit. And you can't apply any changes to my site unless you are logged in.

Our policy is best summarized as "we don't care about _you_, we care about _them_", no emails, so no forgetting your password. You have no rights. It's like you don't even exist. If you publish material, I reserve the right to remove it, or use it myself.

Don't impersonate. Don't name someone involuntarily. You can lose everything if you cross the line, and no, I won't cancel your automatic payments first, so you'll have to do it the hard way. See how serious this sounds? That's how serious you're meant to take these.

×
Register


Required. 150 characters or fewer. Letters, digits and @/./+/-/_ only.
  • Your password can’t be too similar to your other personal information.
  • Your password must contain at least 8 characters.
  • Your password can’t be a commonly used password.
  • Your password can’t be entirely numeric.
Enter the same password as before, for verification.
Login

Grow A Dic
Define A Word
Make Space
Set Task
Mark Post
Apply Votestyle
Create Votes
(From: saved spaces)
Exclude Votes
Apply Dic
Exclude Dic

High-frequency Anticipatory Trading and Its Influences: Small Informed Trader vs. Front-runner. (arXiv:2304.13985v1 [q-fin.TR])

Click here to flash read.

In this paper, the interactions between a large informed trader (IT, for
short) and a high-frequency trader (HFT, for short) who can anticipate the
former's incoming order are studied in an extended Kyle's (1985) model.
Equilibria under various specific situations are discussed. Relying on the
speed advantage, HFT always trades in the same direction as the large order in
advance. However, whether or not she provides liquidity depends on her
inventory aversion, the prediction accuracy, and the market activeness. She may
supply liquidity back (act as a front-runner) or continue to take it away (in
this case we call her a small IT). Small IT always harms the large trader while
front-runner may benefit her. Besides, we find surprisingly that (1) increasing
the noise in HFT's signal may in fact decrease IT's profit; (2) although
providing liquidity, a front-runner may harm IT more than a small IT.

Click here to read this post out
ID: 92645; Unique Viewers: 0
Unique Voters: 0
Total Votes: 0
Votes:
Latest Change: April 28, 2023, 7:36 a.m. Changes:
/u/anonymous
Dictionaries:
Words:
Spaces:
Views: 9
CC:
No creative common's license
Comments: