Science and Engineering Ethics 19 (3):851-874 (2013)

Authors
Michael Davis
State University of New York at Buffalo
Abstract
All 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
Keywords High-frequency trading  Automation  Ethics  Quality management  Engineering
Categories (categorize this paper)
ISBN(s)
DOI 10.1007/s11948-012-9412-5
Options
Edit this record
Mark as duplicate
Export citation
Find it on Scholar
Request removal from index
Revision history

Download options

PhilArchive copy


Upload a copy of this paper     Check publisher's policy     Papers currently archived: 59,968
External links

Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
Through your library

References found in this work BETA

The Challenge of Ethical Behavior in Organizations.Ronald R. Sims - 1992 - Journal of Business Ethics 11 (7):505 - 513.
The Institutionalization of Organizational Ethics.Ronald R. Sims - 1991 - Journal of Business Ethics 10 (7):493 - 506.
The Challenge of Ethical Behavior in Organizations.R. Sims Ronald - 1992 - Journal of Business Ethics 11 (7):505-513.

View all 13 references / Add more references

Citations of this work BETA

Add more citations

Similar books and articles

Where Should the Line Be Drawn on Insider Trading Ethics?Yulong Ma & Huey-Lian Sun - 1998 - Journal of Business Ethics 17 (1):67-75.
Sonification.Justin Joque - 2011 - Continent 1 (4):239.
Unblinking Eyes: The Ethics of Automating Surveillance.Kevin Macnish - 2012 - Ethics and Information Technology 14 (2):151-167.
Applying Ethics to Insider Trading.Robert W. McGee - 2008 - Journal of Business Ethics 77 (2):205 - 217.
Ma and Sun on Insider Trading Ethics.Milton Snoeyenbos & Kenneth Smith - 2000 - Journal of Business Ethics 28 (4):361 - 363.

Analytics

Added to PP index
2013-12-21

Total views
66 ( #156,553 of 2,433,285 )

Recent downloads (6 months)
2 ( #293,577 of 2,433,285 )

How can I increase my downloads?

Downloads

My notes