摘要
ThiscommentaryisbasedontheworkofCooper,Davis,andVanVliet(2016)andthecommentaryfocusesonwhatproblemhigh-frequencytradingposes.Itlistskeyliteratureonhigh-frequencytradingthatismissingandpointsoutthatthepokeranalogytodefenddeceptioninfinancialmarketsisweakandmisleading.Thearticleelaboratesonthenegativeimpactcreatedbyspoofingandquotestuffing,thetwotypicaldeceptivepracticesusedbyhigh-frequencytraders.Therecentregulationsregardinghigh-frequencytrading,inresponsetothe“FlashCrash”of2010,arepreventive,computerizedandmoreeffective.Theyreflectethicalrequirementstomaintainfairandstablefinancialmarkets.
出版日期
2018年05月15日（中国期刊网平台首次上网日期，不代表论文的发表时间）
