Celik, Mehmet SinanOzturk, Mutlu BasaranHaykir, Ozkan2024-11-072024-11-0720241350-48511466-4291https://doi.org/10.1080/13504851.2022.2128172https://hdl.handle.net/11480/14274This study investigates the effect of High-Frequency Trading on stock liquidity and volatility in Borsa Istanbul, Turkey which is one of the largest emerging markets where high-frequency trading is newly developed. We employ a fixed effect panel estimation model with Driscoll and Kraay correction between January 2016 and December 2020. The finding shows that an increase in high-frequency trading increases the liquidity and volatility. Moreover, the results are similar before the pandemic period and rising market period, whereas the impact of high-frequency trading on liquidity disappears during the pandemic period.eninfo:eu-repo/semantics/closedAccessHigh-frequency tradingliquidityvolatilityBorsa IstanbulArticle31211812110.1080/13504851.2022.21281722-s2.0-85139112917Q2WOS:000861428500001Q3