The Relationship Between the Influence of High-Frequency Trading and Excess Return

However, the pursuit of excess returns is often accompanied by higher risks, so investors need to balance the relationship between risk and returns in the pursuit of excess returns.Therefore, this paper will take the difference between quantitative fund with high-frequency trading strategy and ETF fund without high-frequency trading as the core strategy as the entry point, study the level of excess return and the volatility of net return under the high-frequency trading mode, and take this as a bridge to study the link between high-frequency trading and excess return.