IAS – Investment Analysts Society of South Africa NPC

Investments Analysts Journal Winners 2022

The winning article is entitled “The impact of algorithmic trading on market quality: Evidence from the Johannesburg Stock Exchange.” The paper was published in the Investment Analysts Journal Vol. 51, Issue 3, pages 157 – 171, on 8 August 2022. This excellent article, of benefit to both practitioners in the field and academics furthering the body of knowledge, is co-authored by Aurélie Courdent and David McClelland. It examines high-frequency trading in the context of the Johannesburg Stock Exchange, concluding that this algorithmic method has a positive impact on market quality. Members are encouraged to read the article, an abstract can be seen by clicking on link provided for convenience. IAS members are further advised that their membership qualifies them for free access to all IAJ articles on the Taylor & Francis website with an archive stretching back to 1972. As each article would normally cost $50 to download IAS members receive an enormous benefit.