Tranzacţionarea algoritmică şi tranzacţionarea de mare frecvenţă. Evoluţia şi eficienţa cadrului de reglementare european şi naţional
Cuvinte cheie:
algorithmic trading, high-frequency trading, markets abuse, capital market lawRezumat
Algorithmic trading and high frequency trading have developed extensively in the last years, becoming the major trading techniques on the financial instruments markets. These technologies offer both benefits and risks for global markets. Through our study, we will identify the risks associated with these technologies. Then, we will critically analyze the regulation framework in the European Union and in Romania, concluding on the level of efficiency in tackling the associated risks.