Fundamentals of Algorithmic Markets: Liquidity, Contingency, and the Incomputability of Exchange

16 Jul , 2017  

Since the mid-2000s, financial markets have been subjected to an unprecedented critical scrutiny, particularly in light of ‘black swan events’ such as the supposedly unpredictable Global Financial Crisis, and algorithmic ‘accidents’ such as the Flash Crash of May 2010. Yet while the complexity of derivatives instruments and the rise of ...

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