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Automated high frequency trading in the light of the history of economic thought: pushing Marx, Veblen and Keynes to their limits

Sotiropoulos, Dimitris (2013). Automated high frequency trading in the light of the history of economic thought: pushing Marx, Veblen and Keynes to their limits. In: 17th Annual Conference of the European Society for the History of Economic Thought (ESHET), 16-18 May 2013, Kingston University, London.

URL: http://www.eshet.net/conference/paper_view.php?id=...
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Abstract

Automated high frequency trading (HFT) is a new fashion in contemporary financial markets gradually attracting research interest and publicity. The paper goes beyond stylistic description of related typical shifts in financial practices and addresses a more systemic issue. It argues that HFT does not simply speed up traditional markets but it sets forth a new investment paradigm. The paper approaches this development from the viewpoint of political economy. It finally relies on Marx’s theoretical framework to provide an alternative explanation of the rise of HFT.

Item Type: Conference or Workshop Item
Copyright Holders: 2013 Dimitris Sotiropoulos
Extra Information: Registered web users only can download this paper
Academic Unit/School: Faculty of Business and Law (FBL) > Business > Department for Accounting and Finance
Faculty of Business and Law (FBL) > Business
Faculty of Business and Law (FBL)
Research Group: Innovation, Knowledge & Development research centre (IKD)
Item ID: 39293
Depositing User: Dimitris Sotiropoulos
Date Deposited: 20 Jan 2014 09:34
Last Modified: 07 Dec 2018 10:21
URI: http://oro.open.ac.uk/id/eprint/39293
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