Since the Flash Crash on May 6, government agencies to universities to media outlets have been taking a closer look at computerized high-speed trading.
Here's a resource guide of some of the organizations involved, tools for investors, articles, videos and research reports on the topic.
Research & Studies
Beware Of The VWAP Trap
Research firm Quantitative Services Group finds that high-frequency trading negatively impacts volume participation algorithms.
Crossing Networks and Dealer Markets: Competition and Performance
Studying the interaction between dealer markets and this relatively new form of exchange.
Does Algorithmic Trading Improve Liquidity?
A research report showing that algorithmic trading increases liquidity in the markets.
Implications for a Dark Pool Environment
Researchers at the New York Fed and Baruch College study the effect dark pools have had on the markets.
Quantifying the Affects of High-Frequency Trading
Broker Abel/Noser exams how high-frequency trading effects liquidity by comparing the market in June 2010 and June 2007.
Rise of the Machines: Algorithmic Trading in the Foreign Exchange Market
The Fed’s Board of Governors studies the impact that algorithmic trading has had on price discovery and volatility in the foreign exchange market.
Study: 'Dark Pools' Account for 4% of European Trades
Research firm Tabb Group reports that dark pools account for 4 percent of European trading.
Law & Government
Brookings Institution Financial Market Regulation Page
An up-to-date feed of research and commentary on financial regulation from the Brookings Institution.