@article{ART002976756},
author={Mincheol Woo},
title={The Analysis of investment performance of High Frequency Traders},
journal={Asset Management Review},
issn={2288-6672},
year={2023},
volume={11},
number={1},
pages={56-77},
doi={10.23007/amr.2023.11.1.56}
TY - JOUR
AU - Mincheol Woo
TI - The Analysis of investment performance of High Frequency Traders
JO - Asset Management Review
PY - 2023
VL - 11
IS - 1
PB - Institute of Management Research, SungKyunKwan University
SP - 56
EP - 77
SN - 2288-6672
AB - High Frequency Trading (hereinafter referred to as HFT) is known to play a positive role in providing liquidity to the market and improving market efficiency, while expanding volatility and spreading false liquidity by repeating correction and cancellation. Despite the tightening of regulations on HFT by overseas financial authorities, the proportion of sales by HFT continues to increase.
This study defined HFT based on order speed for the domestic stock market and analyzed the investment performance and market influence of HFT. According to the analysis results, HFT continued to achieve significant results through day trading strategies and played a positive role in increasing market efficiency without negatively affecting individual stock prices and volatility. This study is differentiated in that it defined HFT based on order speed, and proved that HFT is benefiting, unlike previous studies that show that significant investment performance cannot be achieved due to transaction taxes imposed on sales in the stock market
KW - High Frequency Trading;HFT;investment performance;day trading;order speed
DO - 10.23007/amr.2023.11.1.56
ER -
Mincheol Woo. (2023). The Analysis of investment performance of High Frequency Traders. Asset Management Review, 11(1), 56-77.
Mincheol Woo. 2023, "The Analysis of investment performance of High Frequency Traders", Asset Management Review, vol.11, no.1 pp.56-77. Available from: doi:10.23007/amr.2023.11.1.56
Mincheol Woo "The Analysis of investment performance of High Frequency Traders" Asset Management Review 11.1 pp.56-77 (2023) : 56.
Mincheol Woo. The Analysis of investment performance of High Frequency Traders. 2023; 11(1), 56-77. Available from: doi:10.23007/amr.2023.11.1.56
Mincheol Woo. "The Analysis of investment performance of High Frequency Traders" Asset Management Review 11, no.1 (2023) : 56-77.doi: 10.23007/amr.2023.11.1.56
Mincheol Woo. The Analysis of investment performance of High Frequency Traders. Asset Management Review, 11(1), 56-77. doi: 10.23007/amr.2023.11.1.56
Mincheol Woo. The Analysis of investment performance of High Frequency Traders. Asset Management Review. 2023; 11(1) 56-77. doi: 10.23007/amr.2023.11.1.56
Mincheol Woo. The Analysis of investment performance of High Frequency Traders. 2023; 11(1), 56-77. Available from: doi:10.23007/amr.2023.11.1.56
Mincheol Woo. "The Analysis of investment performance of High Frequency Traders" Asset Management Review 11, no.1 (2023) : 56-77.doi: 10.23007/amr.2023.11.1.56
