The race to zero
Miles Kellerman (2017, DPhil International Relations) has recently co-authored a chapter in Global Algorithmic Capital Markets (Oxford University Press, edited by Professor Walter Mattli). He is a recipient of an Oxford-Radcliffe Scholarship at University College,
Miles’ chapter, co-authored with Dan Marcus, Chief Executive Officer of trading platform ParFX, examines how advances in communication technology have altered the structure of foreign exchange markets. The chapter focuses specifically on the problems generated by these changes, including new opportunities to engage in market manipulation and incentives to invest in speed-reducing technology. It also reviews recent regulatory efforts to address these problems and concludes with a series of policy recommendations.
The volume is based on a collection of papers first presented at a conference organised by Professor Walter Mattli at St. John’s College, Oxford in April 2017. The diverse list of contributors include academics, stock exchanges, policy advocates and representatives of Canadian and Australian financial regulators.
Miles Kellerman is in his second year of his DPhil, examining “The International Political Economy of Market Surveillance.” He has also recently had his first journal article published in The Review of International Organizations. He tweets @Miles_Kellerman.
Published: 19 February 2019
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