6 citations · 13 across the 7 of their papers we have counts for
Showing q-fin.TRShow all
2 papers · 1 filter
q-fin.TR2022
Can maker-taker fees prevent algorithmic cooperation in market making?
Bingyan Han
In a semi-realistic market simulator, independent reinforcement learning algorithms may facilitate market makers to maintain wide spreads even without communication. This unexpecte…
q-fin.TR2022
Cooperation between Independent Market Makers
Bingyan Han
With the digitalization of the financial market, dealers are increasingly handling market-making activities by algorithms. Recent antitrust literature raises concerns on collusion…