RT Journal Article SR Electronic T1 Whole-Distribution Statistical Process Control in High-Frequency Trading JF The Journal of Trading FD Institutional Investor Journals SP 57 OP 68 DO 10.3905/jot.2012.7.2.057 VO 7 IS 2 A1 Ricky A. Cooper A1 Ben Van Vliet YR 2012 UL https://pm-research.com/content/7/2/57.abstract AB High-frequency trading enables real-time control of outputs. However, sampling techniques in traditional statistical process control (SPC) may be too slow to detect rapid changes in market structure. The authors develop statistical tests that examine each event using the generalized lambda distribution. They demonstrate the manner in which this provides a more descriptive and quicker-reacting method of process control than that of traditional SPC.TOPICS: Statistical methods, volatility measures, tail risks