Visual analysis to support regulators in electronic order book markets

Electronic markets and automated trading have resulted in a drastic increase in the quantity and complexity of regulatory data. Reconstructing the limit order book and analyzing order flow is an emerging challenge for financial regulators. New order types, intra-market behavior, and other exchange f...

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Bibliographic Details
Published in:Environment systems & decisions 2016-06, Vol.36 (2), p.167-182
Main Authors: Paddrik, Mark E., Haynes, Richard, Todd, Andrew E., Scherer, William T., Beling, Peter A.
Format: Article
Language:English
Subjects:
Audit trails
Automation
Bids
Commodity futures
Control
Data analysis
Data visualization
Decisions
Earth and Environmental Science
Electronic trading systems
Electronics
Enforcement
Environment
Environmental Management
Exchange
Futures trading
Government regulations
High frequency trading
Markets
multidisciplinary
Quality Control
Regulation of financial institutions
Regulators
Reliability
Safety and Risk
Science
Stock exchanges
Studies
Surveillance
Systems Theory
Visualization
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Summary:Electronic markets and automated trading have resulted in a drastic increase in the quantity and complexity of regulatory data. Reconstructing the limit order book and analyzing order flow is an emerging challenge for financial regulators. New order types, intra-market behavior, and other exchange functionality further complicate the task of understanding market behavior at multiple levels. Data visualizations have proven to be a fundamental tool for building intuition and enabling exploratory data analysis in many fields. In this paper, we propose the incorporation of visualizations in the workflow of multiple financial regulatory roles, including market surveillance, enforcement and supporting academic research.
ISSN:2194-5403
2194-5411
DOI:10.1007/s10669-016-9597-2