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Ansätze und Maßnahmen der Regulierung des Hochfrequenzhandels

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Praxishandbuch Hochfrequenzhandel Band 2

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Der Hochfrequenzhandel ist aus regulatorischer Sicht als Technologie und nicht als eine isolierte strategische Konzeption oder als eine auf einer bestimmten Strategie basierende Handelsweise zu beurteilen und damit zu reglementieren. Die strategische Vorgehensweise des Hochfrequenzhandels beinhaltet aufgrund seiner technologischen Konzeption durchaus aggressive und unter Umständen marktschädliche Praktiken, die jedoch im Wesentlichen technologisch bedingt sind. Die Herausforderung einer effektiven Regulierung besteht in diesem Zusammenhang zwangsläufig und in erster Linie in einer Implementierung von international gültigen Vorschriften und geltenden Standards mit der wesentlichen Zielsetzung einer effizienten Reglementierung und wirkungsvollen Kontrolle von etwaigen destruktiven oder in den meisten Fällen auch manipulativen Praktiken.

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    Uwe Gresser

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Gresser, U. (2018). Ansätze und Maßnahmen der Regulierung des Hochfrequenzhandels. In: Praxishandbuch Hochfrequenzhandel Band 2. Springer Gabler, Wiesbaden. https://doi.org/10.1007/978-3-658-13877-6_11

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