DC pole | Wartość | Język |
dc.contributor.author | Piwowarczyk, Jakub | - |
dc.date.accessioned | 2021-07-26T06:11:42Z | - |
dc.date.available | 2021-07-26T06:11:42Z | - |
dc.date.issued | 2019 | - |
dc.identifier.citation | S. Tkacz, Z. Tobor (red.), "Prawo a nowe technologie" (S. 159-166). Katowice : Wydawnictwo Uniwersytetu Śląskiego. | pl_PL |
dc.identifier.isbn | 978-83-226-3797-5 | - |
dc.identifier.isbn | 978-83-226-3798-2 | - |
dc.identifier.uri | http://hdl.handle.net/20.500.12128/20874 | - |
dc.description.abstract | The main topic undertaken in the present article is the subject of algorithmic
trading. Thus, the author is under an obligation to begin with a short outline of the history
of stock exchange and financial markets’ computerization, paying most attention
to the historical milestones like introducing DOT and SuperDOT to the New York Stock
Exchange. Next, the author presents the controversies accompanying the attempts at
defining the term in question – what algorithmic trading is in the strict sense and what
are other iterations of the subject, such as high frequency trading, black box trading,
or dark/black pools. It is also necessary to mention the emergence of a certain “arms
race” between financial institutions and other agents involved in those markets that
was caused by introduction of such technologies; and the consequence of this kind of
escalation, namely, creation of increasingly complicated and independent algorithms.
Latter part of the article is concerned with a more detailed presentation of the most
common iteration of algorithmic trading – the high frequency trading, especially the
dangers associated with assigning new roles to created algorithms, whose evolution
fulfills preexisting market niches, while simultaneously creating spaces for new ones
(e.g. quote staffing).
Finally, the author focuses on the issue that involves the largest group of people
(those completely uninvolved with the financial market as well), that is, the influence
that the emergence of the algorithmic trading has had on the financial markets in general,
based on the situation that occurred in 2010 – the “Flash Crash”, and the contrast
occurring between the technological capabilities of the investors and the contemporary
law, which caused a considerable obstacle in administrative reaction. | pl_PL |
dc.language.iso | pl | pl_PL |
dc.publisher | Katowice : Wydawnictwo Uniwersytetu Śląskiego | pl_PL |
dc.rights | Uznanie autorstwa-Na tych samych warunkach 3.0 Polska | * |
dc.rights.uri | http://creativecommons.org/licenses/by-sa/3.0/pl/ | * |
dc.subject | Bitcoin | pl_PL |
dc.subject | cryptocurrency | pl_PL |
dc.subject | taxes | pl_PL |
dc.subject | property rights | pl_PL |
dc.subject | new technologies | pl_PL |
dc.subject | FinTech | pl_PL |
dc.title | Handel algorytmiczny – zagadnienia prawne | pl_PL |
dc.type | info:eu-repo/semantics/bookPart | pl_PL |
Pojawia się w kolekcji: | Książki/rozdziały (WPiA)
|