New working paper

Posted on September 3, 2013 by Björn-SU

Trading fast and slow: Colocation and market quality
This is joint work with Jonathan Brogaard, Lars Nordén, and Ryan Riordan, using data from Nasdaq OMX Stockholm. We study the speed advantage enjoyed by traders who choose to pay for colocation, and find that it gives a measurable advantage in trading performance. We also find that an upgrade to the colocation services is associated with improved market quality.

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