{"id":"https://openalex.org/W4409303163","doi":"https://doi.org/10.1137/24m1660243","title":"Brokers and Informed Traders: Dealing with Toxic Flow and Extracting Trading Signals","display_name":"Brokers and Informed Traders: Dealing with Toxic Flow and Extracting Trading Signals","publication_year":2025,"publication_date":"2025-04-09","ids":{"openalex":"https://openalex.org/W4409303163","doi":"https://doi.org/10.1137/24m1660243"},"language":"en","primary_location":{"id":"doi:10.1137/24m1660243","is_oa":false,"landing_page_url":"https://doi.org/10.1137/24m1660243","pdf_url":null,"source":{"id":"https://openalex.org/S75627377","display_name":"SIAM Journal on Financial Mathematics","issn_l":"1945-497X","issn":["1945-497X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310320508","host_organization_name":"Society for Industrial and Applied Mathematics","host_organization_lineage":["https://openalex.org/P4310320508"],"host_organization_lineage_names":["Society for Industrial and Applied Mathematics"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"SIAM Journal on Financial Mathematics","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5040951539","display_name":"\u00c1lvaro Cartea","orcid":"https://orcid.org/0000-0002-7426-4645"},"institutions":[{"id":"https://openalex.org/I4210120676","display_name":"Mathematical Institute of the Slovak Academy of Sciences","ror":"https://ror.org/02fhy7464","country_code":"SK","type":"facility","lineage":["https://openalex.org/I207624831","https://openalex.org/I4210120676"]}],"countries":["SK"],"is_corresponding":true,"raw_author_name":"\u00c1lvaro Cartea","raw_affiliation_strings":["Mathematical Institute, University of Oxford, Oxford OX2 9HB, UK, and Oxford-Man Institute of Quantitative Finance, University of Oxford, Oxford OX2 6ED, UK"],"raw_orcid":"https://orcid.org/0000-0002-7426-4645","affiliations":[{"raw_affiliation_string":"Mathematical Institute, University of Oxford, Oxford OX2 9HB, UK, and Oxford-Man Institute of Quantitative Finance, University of Oxford, Oxford OX2 6ED, UK","institution_ids":["https://openalex.org/I4210120676"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5034175798","display_name":"Leandro S\u00e1nchez-Betancourt","orcid":"https://orcid.org/0000-0001-6447-7105"},"institutions":[{"id":"https://openalex.org/I4210120676","display_name":"Mathematical Institute of the Slovak Academy of Sciences","ror":"https://ror.org/02fhy7464","country_code":"SK","type":"facility","lineage":["https://openalex.org/I207624831","https://openalex.org/I4210120676"]}],"countries":["SK"],"is_corresponding":false,"raw_author_name":"Leandro S\u00e1nchez-Betancourt","raw_affiliation_strings":["Mathematical Institute, University of Oxford, Oxford OX2 9HB, UK, and Oxford-Man Institute of Quantitative Finance, University of Oxford, Oxford OX2 6ED, UK"],"raw_orcid":"https://orcid.org/0000-0001-6447-7105","affiliations":[{"raw_affiliation_string":"Mathematical Institute, University of Oxford, Oxford OX2 9HB, UK, and Oxford-Man Institute of Quantitative Finance, University of Oxford, Oxford OX2 6ED, UK","institution_ids":["https://openalex.org/I4210120676"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5040951539"],"corresponding_institution_ids":["https://openalex.org/I4210120676"],"apc_list":null,"apc_paid":null,"fwci":13.7995,"has_fulltext":false,"cited_by_count":8,"citation_normalized_percentile":{"value":0.98863198,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":90,"max":99},"biblio":{"volume":"16","issue":"2","first_page":"243","last_page":"270"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9995999932289124,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9995999932289124,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11270","display_name":"Complex Systems and Time Series Analysis","score":0.996399998664856,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.9961000084877014,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.4812759757041931},{"id":"https://openalex.org/keywords/high-frequency-trading","display_name":"High-frequency trading","score":0.48122289776802063},{"id":"https://openalex.org/keywords/flow","display_name":"Flow (mathematics)","score":0.4644472897052765},{"id":"https://openalex.org/keywords/financial-economics","display_name":"Financial economics","score":0.4575681984424591},{"id":"https://openalex.org/keywords/algorithmic-trading","display_name":"Algorithmic trading","score":0.4348198473453522},{"id":"https://openalex.org/keywords/pairs-trade","display_name":"Pairs trade","score":0.4258610010147095},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.4212302565574646},{"id":"https://openalex.org/keywords/actuarial-science","display_name":"Actuarial science","score":0.37123972177505493},{"id":"https://openalex.org/keywords/econometrics","display_name":"Econometrics","score":0.3499795198440552},{"id":"https://openalex.org/keywords/alternative-trading-system","display_name":"Alternative trading system","score":0.2639896273612976},{"id":"https://openalex.org/keywords/mathematics","display_name":"Mathematics","score":0.17262673377990723}],"concepts":[{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.4812759757041931},{"id":"https://openalex.org/C24683644","wikidata":"https://www.wikidata.org/wiki/Q138372","display_name":"High-frequency trading","level":3,"score":0.48122289776802063},{"id":"https://openalex.org/C38349280","wikidata":"https://www.wikidata.org/wiki/Q1434290","display_name":"Flow (mathematics)","level":2,"score":0.4644472897052765},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.4575681984424591},{"id":"https://openalex.org/C78508483","wikidata":"https://www.wikidata.org/wiki/Q139445","display_name":"Algorithmic trading","level":2,"score":0.4348198473453522},{"id":"https://openalex.org/C158876240","wikidata":"https://www.wikidata.org/wiki/Q17105131","display_name":"Pairs trade","level":4,"score":0.4258610010147095},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4212302565574646},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.37123972177505493},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.3499795198440552},{"id":"https://openalex.org/C172428447","wikidata":"https://www.wikidata.org/wiki/Q438711","display_name":"Alternative trading system","level":3,"score":0.2639896273612976},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.17262673377990723},{"id":"https://openalex.org/C2524010","wikidata":"https://www.wikidata.org/wiki/Q8087","display_name":"Geometry","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1137/24m1660243","is_oa":false,"landing_page_url":"https://doi.org/10.1137/24m1660243","pdf_url":null,"source":{"id":"https://openalex.org/S75627377","display_name":"SIAM Journal on Financial Mathematics","issn_l":"1945-497X","issn":["1945-497X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310320508","host_organization_name":"Society for Industrial and Applied Mathematics","host_organization_lineage":["https://openalex.org/P4310320508"],"host_organization_lineage_names":["Society for Industrial and Applied Mathematics"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"SIAM Journal on Financial Mathematics","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":27,"referenced_works":["https://openalex.org/W1986096635","https://openalex.org/W2016090388","https://openalex.org/W2050031929","https://openalex.org/W2085819597","https://openalex.org/W2297399739","https://openalex.org/W2312297414","https://openalex.org/W2605897044","https://openalex.org/W2771815220","https://openalex.org/W2972558279","https://openalex.org/W2980337930","https://openalex.org/W3006879552","https://openalex.org/W3008053827","https://openalex.org/W3121712217","https://openalex.org/W3122119776","https://openalex.org/W3122879523","https://openalex.org/W3125405994","https://openalex.org/W3125537810","https://openalex.org/W3125653313","https://openalex.org/W3125789262","https://openalex.org/W3134766165","https://openalex.org/W3200203489","https://openalex.org/W3203422277","https://openalex.org/W4243838529","https://openalex.org/W4309357964","https://openalex.org/W4309496960","https://openalex.org/W4383737817","https://openalex.org/W4408633177"],"related_works":["https://openalex.org/W2553031590","https://openalex.org/W2491678934","https://openalex.org/W4399587225","https://openalex.org/W1574922981","https://openalex.org/W1552949382","https://openalex.org/W4226227859","https://openalex.org/W3015595311","https://openalex.org/W2772541354","https://openalex.org/W2392556764","https://openalex.org/W3122388746"],"abstract_inverted_index":null,"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":5},{"year":2023,"cited_by_count":1}],"updated_date":"2025-11-06T03:46:38.306776","created_date":"2025-10-10T00:00:00"}
