Sandrine JACOB LEAL is an associate professor in finance at ICN Business School (France). Her research mainly focuses on understanding the consequences of the interactions between heterogeneous agents in financial markets. More recently, she has been interested in the impact of high-frequency trading on price dynamics and human behavior. In her research, she uses mathematical and agent-based models; as well as experiments in finance.

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We experimentally investigate whether and how the potential presence of algorithmic trading (AT) in human-only asset markets can influence humans’ price forecasts, trading activities and price dynamics. Two trading strategies commonly employed by high-frequency traders, spoofing (SP) - associated with market manipulation - and market making (MM) - seen as liquidity provision – are considered.
JACOB-LEAL Sandrine - FNEGE |
- Research
- Corporate and Market Finance