Impact of High-Frequency Trading with an Order Book Imbalance Strategy on Agent-Based Stock Markets

It is known that there is a positive correlation between order book imbalance and future returns. Although some previous studies using actual trading data have suggested that high-frequency trading (HFT) may take this characteristic into account, HFT firms have not disclosed their specific strategie...

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Bibliographic Details
Main Authors: Isao Yagi, Mahiro Hoshino, Takanobu Mizuta
Format: Article
Language:English
Published: Wiley 2023-01-01
Series:Complexity
Online Access:http://dx.doi.org/10.1155/2023/3996948
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