Les conséquences inattendues de la régulation financière : pourquoi les algorithmes génèrent-ils de nouveaux risques sur les marchés financiers ?
Since the enactment of the Markets in Financial Instruments Directive (MiFID) on November 1st, 2007, the institutional landscape and the organization of financial markets in Europe has been witnessing major changes. In this article, we show why the new set of rules fostered the dissemination and use...
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| Format: | Article |
| Language: | English |
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Association Recherche & Régulation
2013-12-01
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| Series: | Revue de la Régulation |
| Subjects: | |
| Online Access: | https://journals.openedition.org/regulation/10385 |
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| _version_ | 1832577876265795584 |
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| author | Marc Lenglet Angelo Riva |
| author_facet | Marc Lenglet Angelo Riva |
| author_sort | Marc Lenglet |
| collection | DOAJ |
| description | Since the enactment of the Markets in Financial Instruments Directive (MiFID) on November 1st, 2007, the institutional landscape and the organization of financial markets in Europe has been witnessing major changes. In this article, we show why the new set of rules fostered the dissemination and use of trading algorithms in European financial markets. We thus put forward the paradox generated by the new wave of regulatory and technological innovation, creating new risks instead of promoting transparency and safeness for issuers and investors. |
| format | Article |
| id | doaj-art-1eb3cce1dd27469a97bb149e785d9cfd |
| institution | Kabale University |
| issn | 1957-7796 |
| language | English |
| publishDate | 2013-12-01 |
| publisher | Association Recherche & Régulation |
| record_format | Article |
| series | Revue de la Régulation |
| spelling | doaj-art-1eb3cce1dd27469a97bb149e785d9cfd2025-01-30T14:26:29ZengAssociation Recherche & RégulationRevue de la Régulation1957-77962013-12-011410.4000/regulation.10385Les conséquences inattendues de la régulation financière : pourquoi les algorithmes génèrent-ils de nouveaux risques sur les marchés financiers ?Marc LengletAngelo RivaSince the enactment of the Markets in Financial Instruments Directive (MiFID) on November 1st, 2007, the institutional landscape and the organization of financial markets in Europe has been witnessing major changes. In this article, we show why the new set of rules fostered the dissemination and use of trading algorithms in European financial markets. We thus put forward the paradox generated by the new wave of regulatory and technological innovation, creating new risks instead of promoting transparency and safeness for issuers and investors.https://journals.openedition.org/regulation/10385regulationalgorithmic tradingcompetitionhigh frequency tradingmarket organizationMiFID |
| spellingShingle | Marc Lenglet Angelo Riva Les conséquences inattendues de la régulation financière : pourquoi les algorithmes génèrent-ils de nouveaux risques sur les marchés financiers ? Revue de la Régulation regulation algorithmic trading competition high frequency trading market organization MiFID |
| title | Les conséquences inattendues de la régulation financière : pourquoi les algorithmes génèrent-ils de nouveaux risques sur les marchés financiers ? |
| title_full | Les conséquences inattendues de la régulation financière : pourquoi les algorithmes génèrent-ils de nouveaux risques sur les marchés financiers ? |
| title_fullStr | Les conséquences inattendues de la régulation financière : pourquoi les algorithmes génèrent-ils de nouveaux risques sur les marchés financiers ? |
| title_full_unstemmed | Les conséquences inattendues de la régulation financière : pourquoi les algorithmes génèrent-ils de nouveaux risques sur les marchés financiers ? |
| title_short | Les conséquences inattendues de la régulation financière : pourquoi les algorithmes génèrent-ils de nouveaux risques sur les marchés financiers ? |
| title_sort | les consequences inattendues de la regulation financiere pourquoi les algorithmes generent ils de nouveaux risques sur les marches financiers |
| topic | regulation algorithmic trading competition high frequency trading market organization MiFID |
| url | https://journals.openedition.org/regulation/10385 |
| work_keys_str_mv | AT marclenglet lesconsequencesinattenduesdelaregulationfinancierepourquoilesalgorithmesgenerentilsdenouveauxrisquessurlesmarchesfinanciers AT angeloriva lesconsequencesinattenduesdelaregulationfinancierepourquoilesalgorithmesgenerentilsdenouveauxrisquessurlesmarchesfinanciers |