证券市场导报Issue(8)：66-73,77,9.
美国不公平高频交易监管及对证券法修改的启示
摘要
Abstract
Some high-frequency trading (HFT) activities on the securities and futures market are unfair. These activities may not only endanger the fairness and stability of the securities and futures market, but are also likely to damage the interests of other market participants. In order to effectively control and regulate HFT and protect the interests of ordinary investors, it is necessary to revise China's securities law on the basis of experience of the United States. The securities law should clarify the definition of HFT transactions, forbid market manipulation and the behavior of "ping the market" and restrict unfair co-location in HFT. The securities law should also provide or authorize the SFC and exchanges to take the regulatory measures of real-time monitoring of quotations, limitation of withdrawal and mandated "speed bump".关键词
高频交易/证券期货市场/信息技术优势/公平原则Key words
high frequency trading/securities and futures market/informational and technical advantages/the principle of fairness分类
社会科学引用本文复制引用
马其家,王淼..美国不公平高频交易监管及对证券法修改的启示[J].证券市场导报,2018,(8):66-73,77,9.基金项目
本文系国家社科基金项目"我国国际板证券发行监管制度的构建研究" (12BFX135) 的阶段性成果 （12BFX135）
对外经济贸易大学国内外联合培养研究生项目资助 （）
