William Barker - Bank Publications

• June 22, 2011

  The Growth of High-Frequency Trading: Implications for Financial Stability

  Financial System Review - June 2011 Anna Pomeranets, William Barker

  Content Type(s): Publications, Financial System Review articles
• October 15, 2007

  The Global Foreign Exchange Market: Growth and Transformation

  Bank of Canada Review - Autumn 2007 William Barker

  Barker examines changes in the foreign exchange market, which is in a period of transition. Since the mid-1990s, three closely inter-related and mutually reinforcing factors–electronic trading platforms, a changing mix of market participants, and computer-driven algorithmic trading strategies–have been accelerating market growth and are creating a profound structural transformation. As the balance of market participation shifts between bank and non-bank accounts, large and small participants, and domestic and global players, the market is adopting some of the characteristics of an "exchange" model and is arguably becoming more liquid and operationally efficient.

  Content Type(s): Publications, Bank of Canada Review articles Topic(s): Exchange rates, Financial institutions, Financial markets