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Do six per cent of financial transactions sent via the Swift system really fail? Fintech enthusiasm may have led to inaccurate claims about conventional financial transactions systems ( LSE Business Review ). Asymmetric speed bumps: A market design response to high-frequency trading. Financial markets process orders faster than ever before. Although faster speeds are associated with smaller spreads, they may also lead to less informative prices. This column captures this trade-off within a theoretical model of high-frequency trading in modern financial markets. It then uses the model to evaluate some potential market design responses to high-frequency trading that are currently in debate. In particular, it shows that asymmetric speed bumps improve markets by eliminating an inefficient form of high-frequency trading ( VOXEU ). Shaping the future of payments. The payments landscape continues to morph. Driven by innovation and shifts in consumer preferences, new systems, ne