The High-Frequency Trading Arms Race

The High-Frequency Trading Arms Race

In a talk to MBA students, Eric Budish, Associate Professor of Economics at the University of Chicago Booth School of Business, discusses the arms race between high-frequency traders and whether the ceaseless drive for faster connection speeds encourag...

Summary

In a talk to MBA students, Eric Budish, Associate Professor of Economics at the University of Chicago Booth School of Business, discusses the arms race between high-frequency traders and whether the ceaseless drive for faster connection speeds encouraged by the current market’s continuous trading model is actually a failure of our financial markets.