ASIC's algorithmic-trading surveillance tool detecting "momentum ignition" — a market manipulation tactic in which traders execute aggressive orders to ignite price momentum then unwind into the…
Intervention by Prof Joachim Wuermeling, Member of the Executive Board of the Deutsche Bundesbank, at the 2nd Annual FinTech Conference, Brussels, 27 February 2018.The views expressed in this speech…
Layering and spoofing are among the fastest growing market manipulation techniques, involving placing non-genuine orders into a market to deceive other traders. We develop empirical techniques to…
The Australian Securities and Investments Commission (ASIC) Market Analysis and Intelligence (MAI) system is an advanced, high-speed surveillance tool used by ASIC to monitor Australian financial…
IOSCO's Thematic Review found that most market authorities have made significant progress in addressing technological challenges to market surveillance. Still, some regulators lack the necessary…
The U.S. financial markets faced an unprecedented rapid decline and recovery on May 6, 2010, known as the May 6 flash crash. Roughly one trillion $ market value in less than thirty minutes vanished…
In this survey, I focus on the economic implications of FinTech innovation for securities and capital markets. I outline the key economic issues that have emerged in this area, review the literature…
Technology-based financial innovations over the past four decades have led to transformations in the financial markets. Understanding technological innovations in financial information systems (IS)…
mong innovative technologies, Artificial Intelligence (AI) is often avouched as the game changer in the provision of financial services. In this regard, the algorithmic trading domain is no…
Technological innovation, such as advancements in Artificial Intelligence (AI) within the ramification of algorithmic trading, has been shaping the organisation and operation of global capital…
The document outlines preliminary points for promoting responsible AI use across the financial sector. It also highlights the FSA's own AI initiatives, including machine learning for credit risk…