简介:ThiscommentaryisbasedontheworkofCooper,Davis,andVanVliet(2016)andthecommentaryfocusesonwhatproblemhigh-frequencytradingposes.Itlistskeyliteratureonhigh-frequencytradingthatismissingandpointsoutthatthepokeranalogytodefenddeceptioninfinancialmarketsisweakandmisleading.Thearticleelaboratesonthenegativeimpactcreatedbyspoofingandquotestuffing,thetwotypicaldeceptivepracticesusedbyhigh-frequencytraders.Therecentregulationsregardinghigh-frequencytrading,inresponsetothe“FlashCrash”of2010,arepreventive,computerizedandmoreeffective.Theyreflectethicalrequirementstomaintainfairandstablefinancialmarkets.
简介:Afierhavingexperiencedtwodecadesofsustainedhigh.economicqrnwthwillithppossibleforChinatoseecontinuedsustainedhigheconomicgrowthinanother10to20years?Followingtheeconomicslowdowninthepastfewyears,manyholdpessimisticviewsonthis.Inaninterviewwithacorresp...
简介:In2003theinternalandexternalenvironmentsofChina′sforeigntradearebetterthanthosclastycar,butsomerestrictionsstillremain.Itisratherdiffieultforexportgrowthratetokeepashighaslastyear,butthere,arestillalotofbeneficialelementsforimportandexporttoachievearelativelyhighgrowthrate,
简介:
简介:
简介:RecentlyEYreleaseditsreportGoingOut:theGlobalDreamofaManufacturingPower—2016ChinaOutboundInvestmentOutlook,pointingoutthatChina’soutboundinvestmentisexpectedtomaintainitsrapidgrowthofover10%andhitarecordhighin2016.ItalsopredictsthatChina’soutboundinvestmentisexpectedto