Albert “Pete” Kyle discusses high-frequency trading and Lewis’ new book.
Stock market crashes have rattled market participants, frustrated policymakers and puzzled economists. But contrary to conventional thinking, these crashes are neither random nor unpredictable.
“Useful early warning systems are feasible,” says Albert "Pete" Kyle, the Smith School's Charles E. Smith Chair Professor of Finance.
Albert “Pete” Kyle, an expert in market microstructure at the University of Maryland’s Robert H. Smith School of Business, has been named a Fellow of the American Finance Association for his distinguished and sustained contributions to the field of finance.