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Browsing School of Hotel Administration by Author "Pascual, Roberto"
Now showing items 1-2 of 2
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Shackled High Speed Traders? Latency Reduction and Short Sale Bans
(2016-01-25)We examine the effects of two juxtaposed events – regulatory short sale bans and exchange efforts to facilitate high-frequency trading (HFT) – on multiple dimensions of market quality. Between 2011 and 2013, the Spanish ... -
Trading System Upgrades and Short-Sale Bans: Uncoupling the Effects of Technology and Regulation
(2016-05-23)We examine the market quality effects of technology upgrades juxtaposed with short-sale bans. Between 2011 and 2013, the Spanish Stock Exchange introduced a smart trading platform (SIBE-Smart) and colocation to facilitate ...
