摘要
高频交易具有交易速度快、迟延率低、频率高等特点,在为市场创造巨大流动性的同时,也加剧了市场波动。因此,要明确监管要点,建立高频交易背景下的法律监管体系;完善法律法规,明确高频交易参与各方的市场义务;确定高频交易模式下操纵市场的行为类型;构建合理机制,应对高频交易可能引发的跨市场风险。
High-frequency trading has the characteristics of fast transaction, low delay rate and high frequency. While creating huge mobility in the market, it also causes great fluctuations on the market. Therefore, supervision should be targeted and legal supervision mechanism under the highfrequency trading environment should be established. The relevant laws and regulations should be improved and the obligations of high-frequency trading participants should be clearly stated. Then the behavioral types of high-frequency trading should be clarified and cross-market risks caused by high-frequency trading should be able to cope with by setting up proper mechanisms.
出处
《金融理论探索》
2016年第2期44-49,共6页
Exploration of Financial Theory
关键词
高频交易
风险
股指期货
法律监管
high-frequency trading
risk
stock index futures
legal supervision
