what are high frequency trading strategies pdf

110" stuffing Main article:" stuffing In June 2014, high-frequency trading firm Citadel LLC was fined 800,000 for violations that included" stuffing. "High-Frequency Trading Firm Latour to Pay 16 Million SEC Penalty". "Report: Algorithm Set Off 'Flash Crash' Amid Stressed Market". The indictment stated that Coscia devised a high-frequency trading strategy to create a false impression of the available liquidity in the market, "and to fraudulently induce other market participants to react to the deceptive market information he created".

You'll most often hear about market makers in the context of the Nasdaq or other "over the counter" (OTC) markets. "What can be done to slow high-frequency trading?". Preface xi, acknowledgments xiii, chapter 1 How Modern Markets Differ from Those Past. Nasdaq's disciplinary action stated that Citadel "failed to prevent the strategy from sending millions of orders to the exchanges with few or no executions." It was pointed out that Citadel "sent multiple, periodic bursts of order messages, at 10,000 orders per second, to the exchanges. UK fighting efforts to curb high-risk, volatile system, with industry lobby dominating advice given to Treasury".