Book contents
- Reviews
- Algo Bots and the Law
- Algo Bots and the Law
- Copyright page
- Contents
- Preface
- Introduction
- 1 Key Concepts: Algorithms, Artificial Intelligence, and More
- 2 Economic Definitions of Common Derivatives
- 3 Legal and Regulatory Definitions of Derivatives and Other Financial Instruments
- 4 FinTech: From Science Fiction to Non-Fiction
- 5 The Regulatory Framework for the US Derivatives Markets
- 6 Gateways to the Futures Markets – FCMs
- 7 Collective Investment Vehicles and Investment Advisors
- 8 Salespeople, Supervisors, Owners, and Enumerated Others
- 9 Trading Floor Denizens
- 10 Regulating Digital Intermediaries
- 11 States of Mind: From Zero to Specific Intent
- 12 Market Manipulation: Then and Now
- 13 Fraud Is Many Things (for Humans and Robots)
- 14 Disruptive Trading Practices
- 15 Spoofing: Market Disruption Made Easy by Technology
- 16 Adequately Supervising the Overseers of Algo Bots
- 17 Flash Events
- 18 Algo Bots All over the World
- 19 Conclusion
- Index
18 - Algo Bots All over the World
Published online by Cambridge University Press: 02 October 2020
- Reviews
- Algo Bots and the Law
- Algo Bots and the Law
- Copyright page
- Contents
- Preface
- Introduction
- 1 Key Concepts: Algorithms, Artificial Intelligence, and More
- 2 Economic Definitions of Common Derivatives
- 3 Legal and Regulatory Definitions of Derivatives and Other Financial Instruments
- 4 FinTech: From Science Fiction to Non-Fiction
- 5 The Regulatory Framework for the US Derivatives Markets
- 6 Gateways to the Futures Markets – FCMs
- 7 Collective Investment Vehicles and Investment Advisors
- 8 Salespeople, Supervisors, Owners, and Enumerated Others
- 9 Trading Floor Denizens
- 10 Regulating Digital Intermediaries
- 11 States of Mind: From Zero to Specific Intent
- 12 Market Manipulation: Then and Now
- 13 Fraud Is Many Things (for Humans and Robots)
- 14 Disruptive Trading Practices
- 15 Spoofing: Market Disruption Made Easy by Technology
- 16 Adequately Supervising the Overseers of Algo Bots
- 17 Flash Events
- 18 Algo Bots All over the World
- 19 Conclusion
- Index
Summary
While this book has focused on US regulation of derivatives (with an emphasis on the impact that AI systems and related technologies have had on these markets), people and firms trade futures and derivatives – often with the aid of computers – not just in the United States, but throughout the world. Algo bots are effectively borderless, and not just because they don’t have “bodies” in the sense that humans do, but because advances in AI systems and related technologies are not restricted to the United States, and because the business entities that use algo bots to trade can easily “locate” themselves at various points across the globe for tax, regulatory, or other purposes. This book would be far longer than it already is if I detailed how every nation regulated algorithmic trading of derivatives.
Keywords
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- Chapter
- Information
- Algo Bots and the LawTechnology, Automation, and the Regulation of Futures and Other Derivatives, pp. 448 - 461Publisher: Cambridge University PressPrint publication year: 2020