We experimentally investigate whether and how the potential presence of algorithmic trading (AT) in human-only asset markets can influence humans’ price forecasts, trading activities and price dynamics. Two trading strategies commonly employed by high-frequency traders, spoofing (SP) – associated with market manipulation – and market making (MM) – seen as liquidity provision – are considered.
Le secteur de la formation professionnelle est en pleine mutation. La transformation numérique se traduit par une explosion des offres de solutions technologiques, et...
Risk in investing refers to the chance that actual returns may differ from expected ones, possibly leading to a loss of capital. High-risk investments...
Le risque de change est le danger financier lié aux variations des taux entre devises, affectant entreprises, investisseurs et particuliers dans leurs transactions internationales....