<?xml version="1.0" encoding="UTF-8"?><xml><records><record><source-app name="Biblio" version="7.x">Drupal-Biblio</source-app><ref-type>17</ref-type><contributors><authors><author><style face="normal" font="default" size="100%">Ming Gao</style></author><author><style face="normal" font="default" size="100%">Yu-Jane Liu</style></author><author><style face="normal" font="default" size="100%">Weili Wu</style></author></authors></contributors><titles><title><style face="normal" font="default" size="100%">Fat-Finger Trade and Market Quality: The First Evidence From China</style></title><secondary-title><style face="normal" font="default" size="100%">Journal of Futures Markets</style></secondary-title></titles><dates><year><style  face="normal" font="default" size="100%">2016</style></year></dates><urls><web-urls><url><style face="normal" font="default" size="100%">https://doi.org/10.1002/fut.21771</style></url></web-urls></urls><volume><style face="normal" font="default" size="100%">36</style></volume><pages><style face="normal" font="default" size="100%">1014–1025</style></pages><language><style face="normal" font="default" size="100%">eng</style></language><abstract><style face="normal" font="default" size="100%">More trading is algorithmic or computer generated, and in markets where it is allowed, high&amp;amp;amp;nbsp;frequency. However, what happens when there is an algorithmic trading error? This study&amp;amp;amp;nbsp;attempts to answer that question by examining the August 16, 2013, fat-finger trade in Chinese&amp;amp;amp;nbsp;equity and equity futures markets. We find that both markets were excessively volatile, illiquid,&amp;amp;amp;nbsp;and positively skewed. Moreover, we document that index returns are predictable for a shorttime, indicating that the fat-finger event induced an inefficient market. Our results highlight&amp;amp;amp;nbsp;the importance of market surveillance and regulation to lessen the damage of future fat-finger&amp;amp;amp;nbsp;events.</style></abstract><issue><style face="normal" font="default" size="100%">10</style></issue></record></records></xml>