Market Microstructure In Practice -

: HFT firms use low-latency technology to execute thousands of orders per second, often narrowing spreads but sometimes increasing short-term volatility. 3. Technological and Regulatory Evolution

: These entities provide continuous liquidity by quoting both bid and ask prices, earning profit from the spread while bearing inventory risk. Market Microstructure in Practice

: This is the process where buyers and sellers interact to find the best available price. It is heavily influenced by order types: : HFT firms use low-latency technology to execute

: Specify a desired price, providing liquidity to the market but risking non-execution. Market Microstructure in Practice