Electronic Trading

The recent crisis has reduced the market’s appetite for complex and leveraged financial products, and the focus has shifted substantially towards vanilla and flow products for which automation of the entire business is possible. The pushes for greater transparency and creation of CCPs to channel the bilateral flow business are two major vectors of change; together they are shifting the way financial markets will work in the future. 

The transition from voice trading of liquid high volume assets like equity and FX to electronic trading occurred some time ago. Now, many institutions face big challenges to move as much as possible of their business onto electronic trading platforms. Computer algorithms execute the orders and make substantive decisions without any human intervention. There is a growing need to develop better quantitative understanding of the impact this movement will have on the entire industry, as well as to better understand the nature of the interactions that occur between markets and “Algos”.

OMI expertise in this area comes from many directions. There is work on order books, on market design, and the development of tools to better describe the flow processes of these complex systems.

 
Institute members connected with Electronic Trading:
  • Profile Pic: 
    Syed (Ali) Asad Rizvi
    DPhil Student, Engineering, Machine Learning Research Group
  • Profile Pic: 
    Alvaro Cartea
    Lecturer in Mathematical Finance, University of Oxford
  • Profile Pic: 
    Doyne Farmer
    Professor of MathematicsCo-Director, Complexity Economics, The Institute for New Economic Thinking at the Oxford-Martin School
  • Profile Pic: 
    Siddartha Ghoshal
    DPhil Student, Engineering, Machine Learning Research Group
  • Profile Pic: 
    Raphael Hauser
    Associate Professor in Numerical Mathematics, University of Oxford
  • Profile Pic: 
    Timothy Hoggard
  • Profile Pic: 
    Xuan Liu
    DPhil Student in Mathematics
  • Profile Pic: 
    Terry Lyons
    Wallis Professor of Mathematics, University of Oxford
  • Profile Pic: 
    Favour Nyikosa
    DPhil Student, Engineering, Machine Learning Research Group
  • Profile Pic: 
    Gareth Peters
    Chair Professor in Statistics for Risk and Insurance, Department of Actuarial Mathematics and Statistics, Heriot-Watt University. Academic Director of the Scottish Financial Risk Academy.
  • Profile Pic: 
    Matthias Qian
    DPhil Student in Economics
  • Profile Pic: 
    Christoph Reisinger
    Associate Professor in Mathematical Finance, University of Oxford
  • Profile Pic: 
    Steve Roberts
    Director of the Oxford-Man Institute, Professor of Engineering Science, Department of Engineering Science, University of Oxford