{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,2,20]],"date-time":"2026-02-20T23:13:40Z","timestamp":1771629220351,"version":"3.50.1"},"reference-count":18,"publisher":"Springer Science and Business Media LLC","issue":"2","license":[{"start":{"date-parts":[[2013,2,26]],"date-time":"2013-02-26T00:00:00Z","timestamp":1361836800000},"content-version":"tdm","delay-in-days":0,"URL":"http:\/\/www.springer.com\/tdm"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Bus Inf Syst Eng"],"published-print":{"date-parts":[[2013,4]]},"DOI":"10.1007\/s12599-013-0255-7","type":"journal-article","created":{"date-parts":[[2013,2,25]],"date-time":"2013-02-25T08:24:31Z","timestamp":1361780671000},"page":"97-99","source":"Crossref","is-referenced-by-count":15,"title":["High-Frequency-Trading"],"prefix":"10.1007","volume":"5","author":[{"given":"Peter","family":"Gomber","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Martin","family":"Haferkorn","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"297","published-online":{"date-parts":[[2013,2,26]]},"reference":[{"key":"255_CR1","volume-title":"High-frequency-trading: a\u00a0practical guide to algorithmic strategies and trading systems","author":"I Aldridge","year":"2010","unstructured":"Aldridge I (2010) High-frequency-trading: a\u00a0practical guide to algorithmic strategies and trading systems. Wiley, Hoboken"},{"key":"255_CR2","unstructured":"Authority for the Financial Markets (AFM) (2011) High frequency trading: the application of advanced trading technology in the European marketplace. http:\/\/www.afm.nl\/layouts\/afm\/default.aspx~\/media\/files\/rapport\/2010\/hft-report-engels.ashx . Accessed 2012-04-18"},{"key":"255_CR3","unstructured":"Australian Securities and Investments Commission (ASIC) (2010) Report 215: Australian equity market structure. http:\/\/www.asic.gov.au\/asic\/pdflib.nsf\/LookupByFileName\/rep-215.pdf\/$file\/rep-215.pdf . Accessed 2012-04-18"},{"issue":"2","key":"255_CR4","doi-asserted-by":"crossref","first-page":"393","DOI":"10.1007\/s00181-005-0022-9","volume":"31","author":"BH Baltagi","year":"2006","unstructured":"Baltagi BH, Li D, Li Q (2006) Transaction tax and stock market behavior: evidence from an emerging market. Empirical Economics 31(2):393\u2013408","journal-title":"Empirical Economics"},{"key":"255_CR5","unstructured":"Brogaard JA (2010) High frequency trading and its impact on market quality. http:\/\/www.futuresindustry.org\/ptg\/downloads\/HFT_Trading.pdf . Accessed 2012-04-18"},{"key":"255_CR6","doi-asserted-by":"crossref","unstructured":"Cvitanic J, Kirilenko A (2010) High frequency traders and asset prices. http:\/\/ssrn.com\/abstract=1569067 or doi: 10.2139\/ssrn.1569067 . Accessed 2012-04-18","DOI":"10.2139\/ssrn.1569067"},{"key":"255_CR7","unstructured":"European Commission (2011) MiFID: Richtlinie \u00fcber Wertpapierdienstleistungen. http:\/\/ec.europa.eu\/internal_market\/securities\/isd\/mifid_de.htm . Accessed 2012-04-18"},{"key":"255_CR8","doi-asserted-by":"crossref","unstructured":"Gomber P, Arndt B, Lutat M, Uhle T (2011) High frequency trading. http:\/\/ssrn.com\/abstract=1858626 or doi: 10.2139\/ssrn.1858626 . Accessed 2012-04-18","DOI":"10.2139\/ssrn.1858626"},{"issue":"4","key":"255_CR9","doi-asserted-by":"crossref","first-page":"535","DOI":"10.1177\/178359170600100401","volume":"7","author":"P Gomber","year":"2006","unstructured":"Gomber P, Gsell M (2006) Catching up with technology \u2013 the impact of regulatory changes on ECNs\/MTFs and the trading venue landscape in Europe. Competition and Regulation in Network Industries 7(4):535\u2013557","journal-title":"Competition and Regulation in Network Industries"},{"key":"255_CR10","doi-asserted-by":"crossref","unstructured":"Hasbrouck J, Saar G (2011) Low-latency trading. http:\/\/ssrn.com\/abstract=1695460 or doi: 10.2139\/ssrn.1695460 . Accessed 2012-04-18","DOI":"10.2139\/ssrn.1695460"},{"key":"255_CR11","volume-title":"Proc 46th annual conference of the western finance association","author":"B Jovanovic","year":"2011","unstructured":"Jovanovic B, Menkveld AJ (2011) Middlemen in limit-order markets. In: Proc 46th annual conference of the western finance association, Santa Fe"},{"key":"255_CR12","doi-asserted-by":"crossref","unstructured":"Kirilenko AS, Kyle AA, Samadi M, Tuzun T (2011) The flash crash: the impact of high frequency trading on an electronic market. http:\/\/ssrn.com\/abstract=1686004 or doi: 10.2139\/ssrn.1686004 . Accessed 2012-04-18","DOI":"10.2139\/ssrn.1686004"},{"issue":"2","key":"255_CR13","doi-asserted-by":"crossref","first-page":"93","DOI":"10.1007\/s12599-012-0205-9","volume":"4","author":"C Lattemann","year":"2012","unstructured":"Lattemann C, Loos P, Gomolka J, Burghof H, Breuer A, Gomber P, Krogmann M, Nagel J, Riess R, Riordan R, Zajonz R (2012) High frequency trading \u2013 costs and benefits in securities trading and its necessity of regulations. Business & Information Systems Engineering 4(2):93\u2013108","journal-title":"Business & Information Systems Engineering"},{"issue":"3","key":"255_CR14","doi-asserted-by":"crossref","first-page":"205","DOI":"10.1016\/S1386-4181(00)00007-0","volume":"3","author":"A Madhaven","year":"2000","unstructured":"Madhaven A (2000) Market microstructure: a survey. Journal of Financial Markets 3(3):205\u2013258","journal-title":"Journal of Financial Markets"},{"issue":"8","key":"255_CR15","doi-asserted-by":"crossref","first-page":"717","DOI":"10.1080\/13518470701705538","volume":"13","author":"J Prix","year":"2007","unstructured":"Prix J, Loistl O, Huetl M (2007) Algorithmic trading patterns in Xetra orders. European Journal of Finance 13(8):717\u2013739","journal-title":"European Journal of Finance"},{"key":"255_CR16","unstructured":"Security Exchange Commision (SEC) (2010) Findings regarding the market events of May 6, 2010. http:\/\/www.sec.gov\/news\/studies\/2010\/marketevents-report.pdf . Accessed 2012-04-18"},{"issue":"2","key":"255_CR17","doi-asserted-by":"crossref","first-page":"227","DOI":"10.1016\/0304-405X(93)90005-V","volume":"33","author":"SR Umlauf","year":"1993","unstructured":"Umlauf SR (1993) Transaction taxes and the behavior of the Swedish stock market. Journal of Financial Economics 33(2):227\u2013240","journal-title":"Journal of Financial Economics"},{"key":"255_CR18","first-page":"(5):056104","volume":"82","author":"AD Wissner-Gross","year":"2010","unstructured":"Wissner-Gross AD, Freer CE (2010) Relativistic statistical arbitrage. Physical Review E 82:(5):056104\u20131\u2013056104-7","journal-title":"Physical Review E"}],"container-title":["Business &amp; Information Systems Engineering"],"original-title":[],"language":"en","link":[{"URL":"http:\/\/link.springer.com\/content\/pdf\/10.1007\/s12599-013-0255-7.pdf","content-type":"application\/pdf","content-version":"vor","intended-application":"text-mining"},{"URL":"http:\/\/link.springer.com\/article\/10.1007\/s12599-013-0255-7\/fulltext.html","content-type":"text\/html","content-version":"vor","intended-application":"text-mining"},{"URL":"http:\/\/link.springer.com\/content\/pdf\/10.1007\/s12599-013-0255-7","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2019,6,2]],"date-time":"2019-06-02T09:03:58Z","timestamp":1559466238000},"score":1,"resource":{"primary":{"URL":"http:\/\/link.springer.com\/10.1007\/s12599-013-0255-7"}},"subtitle":["High-Frequency-Trading Technologies and Their Implications for\u00a0Electronic Securities Trading"],"short-title":[],"issued":{"date-parts":[[2013,2,26]]},"references-count":18,"journal-issue":{"issue":"2","published-print":{"date-parts":[[2013,4]]}},"alternative-id":["255"],"URL":"https:\/\/doi.org\/10.1007\/s12599-013-0255-7","relation":{},"ISSN":["1867-0202"],"issn-type":[{"value":"1867-0202","type":"electronic"}],"subject":[],"published":{"date-parts":[[2013,2,26]]}}}