Ethics, Finance, and Automation: A Preliminary Survey of Problems in High Frequency Trading [Book Review]
Science and Engineering Ethics 19 (3):851-874 (2013)
AbstractAll of finance is now automated, most notably high frequency trading. This paper examines the ethical implications of this fact. As automation is an interdisciplinary endeavor, we argue that the interfaces between the respective disciplines can lead to conflicting ethical perspectives; we also argue that existing disciplinary standards do not pay enough attention to the ethical problems automation generates. Conflicting perspectives undermine the protection those who rely on trading should have. Ethics in finance can be expanded to include organizational and industry-wide responsibilities to external market participants and society. As a starting point, quality management techniques can provide a foundation for a new cross-disciplinary ethical standard in the age of automation
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References found in this work
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The Nature, Importance, and Difficulty of Machine Ethics.James Moor - 2006 - IEEE Intelligent Systems 21:18-21.
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Ethics and Technology: Ethical Issues in an Age of Information and Communication Technology.Herman T. Tavani - 2003 - Acm Sigcas Computers and Society 33 (3):1.
Citations of this work
The Ethics of Algorithms: Mapping the Debate.Brent Mittelstadt, Patrick Allo, Mariarosaria Taddeo, Sandra Wachter & Luciano Floridi - 2016 - Big Data and Society 3 (2).
Ethical Issues for Autonomous Trading Agents.Michael P. Wellman & Uday Rajan - 2017 - Minds and Machines 27 (4):609-624.
The Mysterious Ethics of High-Frequency Trading.Ricky Cooper, Michael Davis & Ben Van Vliet - 2016 - Business Ethics Quarterly 26 (1):1-22.
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