Author(s), Title, Year Data Relevant findings（作者(年代),标题,年数据相关的结果）.pdf

Author(s), Title, Year Data Relevant findings Anand, Tanggaard, Swedish equities, 2002-2004 Designated market makers with affirmative Weaver, Paying for Market obligations improve market quality, increase Quality (2009) market valuation. Bank for International Foreign exchange, 2010 and 2011 “HFT has had a marked impact on the Settlements, “High functioning of the FX market in ways that frequency trading in the could be seen as beneficial in normal times, foreign exchange market” but also in ways that may be harmful to (2011) market functioning, particularly in times of market stress.” Bichetti, Maystre, The U.S. futures and equities, 1997- This paper documented striking similarities synchronized and long- 2011 in the evolution of the rolling lasting structural change correlations between the returns on several on commodity markets: commodity futures and the ones on the evidence from high US stock market, computed at high frequency data (2012) frequencies...we think that HFT strategies,