Boxes and Lines

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

Jun 20, 2023

39:04

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Episode notes

Introduction

2min

How Does Academia and the Finance Industry Work Together?

2min

The Alignment Between Finance, Practice and Academic Research

4min

The Randomness of Exchange Architectures

2min

The Speed of Races in the UK Stock Market

2min

The Cost of Liquidity in Modern Financial Markets

3min

The Importance of Limit Orders in the Stock Market

2min

Batch Auctions: The Rules of the Game

1min

The Basics of Batch Auctions

5min

10.

SIBO's Intraday Periodic Auction Design

2min

11.

How to Accelerate COVID-19 Vaccinations

5min

12.

The Importance of Speed Vaccinations

2min

13.

The Dangers of a Delta Variant

2min

14.

The Life and Times of Eric Goldman

2min

15.

Boxes and Lines

2min

We’re dipping into our archives for this episode of Boxes and Lines and revisiting our episode with Eric “Batch” Budish (nickname bestowed by us), the Paul G. McDermott Professor of Economics and Entrepreneurship at the University of Chicago Booth School of Business, whose groundbreaking paper, “The High Frequency Trading Arms Race: Frequent Batch Auctions as a Market Design Response” has helped shape exchange design proposals in stock markets and futures markets. Featuring an updated intro from Ronan and JR. Original episode recorded July 28, 2021.