4min chapter

Boxes and Lines cover image

From the Archives: Measuring the 15-Microsecond Dash with Professor Eric “Batch” Budish

Boxes and Lines

CHAPTER

The Alignment Between Finance, Practice and Academic Research

A recent paper quantifies the high frequency trading arms race. The study has a data set that allows you to study races in a way that nobody's ever been able to do before. There'll be winners and losers of the race to pick off the stale quote. It brings efficiency to the market, says John Defterios.

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