Futures trading platform future of computer trading foresight project exploring how computer generated trading in financial markets will change between now and 2022. An ecological perspective on the future of computer trading. The future of computer trading in financial markets 2012. Foresight, government office for science, london, uk. Economic impact assessments on mifid ii policy measures related. In 2001 a team at ibm showed my zip trading software beating human traders.
Professor dave cliff lscits project director computer science. A new twoyear foresight study the future of computer trading in financial markets an international perspective, sheds new light on technological advances which have. Foresight report exploring how computer generated trading in financial markets will change between now and 2022. Foresight, government office for science this working paper has been commissioned as part of the uk governments foresight project on the future of computer trading in financial markets. Algorithmic trading is a method of executing orders using automated pre programmed trading.
A new twoyear foresight study the future of computer trading in financial markets an international perspective, sheds new light on technological advances which have transformed market structures in recent years. Advances in technology are transforming how our financial markets operate. The future of computer trading in financial markets 2012 final project report. Studies of interactions between human traders and algorithmic. Src researchers were involved in a study that explores how computer generated trading in financial markets will evolve over the next 10 years. The views expressed are not those of the uk government and do not represent its policies. The future of computer trading in financial markets exec. Legislators and regulators need to encourage good practice and behaviour in the inance and software. The future of computer trading in financial markets cftc. The final project report can be found on the foresight webpage. The future of computer trading in financial markets. Foresight report on computer trading shows benefits to financial markets but calls for joint.
The project was led by the government office for science. In late 2010, the uk government office for science initiated a foresight project investigating the future of computer trading in the financial. Financial stability and computerbased trading 61 5. Economic impact assessments on policy measures 99 6. Foresight project exploring how computer generated trading in financial. Rapid developments and applications of new technology, coupled with everincreasing complexity of. In late 2010, the uk government office for science initiated a foresight project investigating the future of computer trading in the financial markets, led by dame clara furse, exceo of the. Effective regulation must be founded on robust evidence and sound analysis.
Foresight project on the future of computer trading in financial markets. The volume of financial products traded through computer automated trading taking place at high speed and with little human involvement has increased dramatically in the past few years. The future of computer trading in financial markets scenarios 3 four scenarios for the future of computer trading in financial markets 1. Yet the impact of computer driven trading on stock market crashes is unclear and.
708 410 994 860 1512 49 1479 563 1463 634 1618 1465 1682 576 385 1498 238 862 1552 278 1697 78 1195 943 359 655 505 213 1173 1314 652 1346 235 669 1389 1095 982 1244 1161 1450 740 443