Law Assignment. | Challenges High Frequency Trading (HFT) poses to market regulators

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Assessment
Assessment regime
Assessment task Due date & time % of final mark
Class Participation 20%
Presentation
A set presentation related to a discreet
aspect of the course or a student’s research
essay. Dates and topics for presentations will
be allocated during the first class.
20%
Research Essay (max 5,000 words incl
footnotes)
Essay topic/s will be provided on the second
day of the course.
November 23 60%
IMPORTANT NOTE: A student must make a satisfactory attempt of all assessment tasks
set out for this Unit of Study in order to obtain a Pass mark and grade (or above);
otherwise an Absent Fail grade will be recorded as the student’s result for this Unit of
Study.
Penalties
 The late submission of a piece of assessment, which has not been granted an
extension, will attract a penalty of 10% of the total marks allocated to the piece of
assessment per calendar day or part thereof.
 A piece of assessment which exceeds the prescribed word limit will attract a penalty of
10% of the total marks allocated to the piece of assessment for every 100 words, or
part thereof, over the limit.
Assignment submission
You are required to submit your assignment in electronic form and an identical hard copy.
Both the online and hardcopy assessments must be submitted by the submission
deadline.
Electronic copy
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site for your subject (https://elearning.sydney.edu.au/). Instructions on how to submit your
assessment online are available on each LMS site. The time and date of submission as
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allow plenty of time to upload your assignment.
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Description

In the recent past, the world has seen tremendous growth and development in Information Communication Technologies. This has led the world to move from manual way of doing things to automated and simple ways. As a result, security trading is today being carried out in an automated manner. Majority of markets in the world have adopted the electronic order book as a core functionality abandoning the human intermediated floor trading. Development in computer technology, programming and other communication technology aspects has led to advancement of new tools to aid in investment decision making, execution of stock and securities trade and mitigation of risks. Use of computer technology is now part and parcel of the financial market structure and regulatory framework. While majority of countries value the role and the impact that automated trading brings in the financial markets, HFT comes with challenges when it comes to regulating. HFT is an imperative aspect or feature in the current financial markets and systems and as such it has to be regulated by the relevant regulatory authorities in the world[1].

[1] Charles M Jones. ‘What do we know about high-frequency trading?.’ (2013) Columbia Business School Research Paper 13-11: 12.