Ethics, Finance, and Automation: A Preliminary Survey of Problems in High Frequency Trading.
All of finance is now automated, most notably high frequency trading. This paper examines the ethical implications of this fact. As automation is an interdisciplinary endeavor, we argue that the interfaces between the respective disciplines can lead to conflicting ethical perspectives; we also argue...
| Publicado en: | Science & Engineering Ethics Vol. 19; no. 3; pp. 851 - 875 |
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| Autores principales: | , , |
| Formato: | Artículo |
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Springer Nature
Sep2013
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=89583474&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 89583474 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 13533452 GNI jtl: Science & Engineering Ethics issn: 13533452 maglogo: N pubinfo: dt: Sep2013 vid: 19 iid: 3 pid: 237 pub: Springer Nature artinfo: ui: 89583474 10.1007/s11948-012-9412-5 ppf: 851 ppct: 24 formats: fmt: @attributes: type: P size: 314KB tig: atl: Ethics, Finance, and Automation: A Preliminary Survey of Problems in High Frequency Trading. aug: au: Davis, Michael Kumiega, Andrew Vliet, Ben affil: Illinois Institute of Technology, Center for the Study of Ethics in the Professions, 3241 S Federal Street, 204 HH Chicago 60616 USA Illinois Institute of Technology, 565 W, Adams Chicago 60661 USA su: High-frequency trading (Securities) Business ethics Finance Automation Surveys Quality control sug: subj: High-frequency trading (Securities) Business ethics Finance Automation Surveys Quality control keyword: Engineering Ethics High-frequency trading Quality management ab: All of finance is now automated, most notably high frequency trading. This paper examines the ethical implications of this fact. As automation is an interdisciplinary endeavor, we argue that the interfaces between the respective disciplines can lead to conflicting ethical perspectives; we also argue that existing disciplinary standards do not pay enough attention to the ethical problems automation generates. Conflicting perspectives undermine the protection those who rely on trading should have. Ethics in finance can be expanded to include organizational and industry-wide responsibilities to external market participants and society. As a starting point, quality management techniques can provide a foundation for a new cross-disciplinary ethical standard in the age of automation. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y custom: Science & Engineering Ethics is a copyright of Springer, 2013. All Rights Reserved. item: Science & Engineering Ethics holder: Springer Nature dt: @attributes: year: 2013 holdings: @attributes: islocal: N |
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