Research Article
Quantitative Finance and Information Technologies: A Comparative Analysis of Quantitative Trading and Cryptocurrency and Their Regulatory Challenges
Didi Liu*
Issue:
Volume 13, Issue 4, December 2024
Pages:
88-99
Received:
13 July 2024
Accepted:
27 August 2024
Published:
10 October 2024
Abstract: As technology has improved in the last decade, financial institutions have developed new technologies, including quantitative trading and cryptocurrency, to enhance their financial products and services. This paper first provides a brief background of quantitative trading and argues for the transactional efficiency of quantitative trading over traditional trading practices; it characterizes quantitative trading as fast and precise. Meanwhile, the study also accounts for the regulatory concerns–including data leakage and platform security–that quantitative trading firms may encounter. This study then establishes a distinction between cryptocurrency and quantitative trading–the former is money-driven, and the latter is data-driven. This paper then discusses the speculative nature of cryptocurrency and addresses its financial concerns citing the FTX collapse. Overall, this paper establishes the argument that quantitative trading supported by technological experts and facilitators offers more advantages than disadvantages compared to cryptocurrency trading. This research concludes that since quantitative trading and cryptocurrency trading are conducted without consideration for international boundaries, they offer bold financial potential as alternatives to traditional banking practices, as long as specific international financial laws are complied with.
Abstract: As technology has improved in the last decade, financial institutions have developed new technologies, including quantitative trading and cryptocurrency, to enhance their financial products and services. This paper first provides a brief background of quantitative trading and argues for the transactional efficiency of quantitative trading over trad...
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Research Article
Study on the Development of Cross-border E-commerce by the Policy Trials of the Free Trade Zones (FTZ)
Jiayin Zhai*
Issue:
Volume 13, Issue 4, December 2024
Pages:
100-105
Received:
1 October 2024
Accepted:
1 November 2024
Published:
14 November 2024
Abstract: The Pilot Free Trade Zone is a milestone policy for opening up the foreign economy, and plays an important role under the policy orientation of ‘early and pilot implementation’ in China. 2023 will mark the 10th anniversary of the construction of the Pilot Free Trade Zone in Shanghai, and the new development pattern is based on the domestic macro-cycle as the main body, and the domestic and international double-cycle is mutually promoted, and cross-border e-commerce is just an important connection link relying on Internet technology and the emerging trade mode. Cross-border e-commerce, as an emerging trade mode relying on Internet technology, is an important link between the domestic and international double cycle. Exploring the path of enhancement of cross-border e-commerce development by the policy experiment of the Pilot Free Trade Zone can help to build a new development pattern in which the domestic and international double cycles promote each other, and provide a basis for deepening the policy in the future. Under the guidance of trade cost theory, government reengineering theory and cooperation theory, this paper draws the following conclusions, and the FTZ has reduced the trade cost of enterprises and further stimulated the vitality of cross-border e-commerce by continuously optimising the tax policy and simplifying the customs clearance procedures. In the future, it is necessary to aim for high-quality green development, identify strategic positioning, and give full play to regional characteristics, and at the same time, refine and improve the rules and standards for the development of digital trade and implement them fairly and equitably, so as to better promote cross-border e-commerce as well as the sustainable development of the economy as a whole.
Abstract: The Pilot Free Trade Zone is a milestone policy for opening up the foreign economy, and plays an important role under the policy orientation of ‘early and pilot implementation’ in China. 2023 will mark the 10th anniversary of the construction of the Pilot Free Trade Zone in Shanghai, and the new development pattern is based on the domestic macro-cy...
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