Economics, Econometrics and Finance
3 years ago

Algorithmic trading fails to outperform passive strategies in Polish stock market.

Finanse i Prawo Finansowe
Algorithmic Trading and Efficiency of the Stock Market in Poland
Rafał Jóźwicki, Paweł Trippner, Karolina Kłos

Paper Summary

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The article explores how algorithmic trading affects stock market efficiency in Poland. The researchers compared a trading system using technical analysis with a passive strategy of holding securities. The results showed that algorithmic trading did not outperform the passive strategy, supporting the idea that the stock market is informationally efficient.