High-frequency trading and a financial transactions tax

James Corkery, Kristen Zornada

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High-frequency trading is the practice of using computerised algorithms to hold investment positions for very short periods of time, influence the market and profit from the distortions. Analysis of the practice reveals that it may threaten the stability of the market. For example, it contributed to the 6 May 2010 ‘flash crash’. This article considers how to limit high-frequency trading and minimise its negative effects, including the efficacy of levying a financial transactions tax on high-frequency trades or financial transactions generally. It also notes the possible application of insider trading laws to high-frequency trading.
Original languageEnglish
Pages (from-to)1-8
Number of pages8
JournalRevenue Law Journal
Issue number1
Publication statusPublished - Dec 2012


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