Subject The article analyzes in detail the most significant cases of algorithmic systems’ impact on market mechanisms and trading participants. Objectives Our goal is to study the specifics of the influence of algorithmic trading segment on sustainable development of stock markets. Methods We review relevant stock market statistics, laws and regulations, and opinion of stock market experts; systematize analytical, scientific and practical information in the area under investigation. Results The study shows that algorithmic trading exerts a significant impact on stock index movements, market liquidity and efficiency, and also on some other indicators characterizing the sustainable market development. Conclusions The impact of algorithmic trading segment on stock markets is quite negative. Even today it gives rise to concern of market specialists and State regulators. Meanwhile, the current legislative and technological measures fail to provide a deterrent effect on the revealed negative aspects of algorithmic trading. Therefore, its adverse impact may increase in the near future.
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