Anonymous shelf assessment
High-Frequency Trading in FX: Evidence from EU High-Frequency Data
Shelf score 8.0 / 10
On High-Frequency Trading in FX: Evidence from EU High-Frequency Data · Chaboud et al. · Federal Reserve
Published 23 March 2026
This work provides a data-driven analysis of high-frequency trading in the foreign exchange market.
Overview
The book focuses on the modern structure of the foreign exchange (FX) market, highlighting the characteristics of high-frequency trading (HFT) participation and order flow. It offers empirical data, including latency analysis, which is crucial for understanding the dynamics of HFT in FX trading.
Targeted at algorithmic traders and execution specialists, this publication serves as a resource for those looking to deepen their understanding of market microstructure and the implications of HFT. The specialized research format may appeal to practitioners seeking detailed insights into the operational aspects of FX trading.
By area & interest
Market Microstructure Insights
The book delves into the intricacies of market microstructure, providing a thorough examination of how high-frequency trading influences order flow and market behaviour.
Empirical Data Analysis
It presents empirical data that underpins the analysis, offering valuable insights into latency and its impact on trading strategies.
Target Audience
Designed primarily for traders and technologists, this work is best suited for those involved in algorithmic trading and execution.
Basis of this assessment
The assessment is based on the catalogue description and topics provided, highlighting the book's focus and intended audience.
Strengths
The publication is strong in its empirical data analysis, particularly regarding latency, which is essential for understanding high-frequency trading dynamics.
Limitations
Its specialized research format may limit accessibility for a broader audience not familiar with advanced trading concepts.
Ideal reader
Ideal readers include algorithmic traders, execution specialists, and technologists interested in the nuances of high-frequency trading in the FX market.