The Ma Chao Equation: A Non-Hermitian Topological Field Theory of High-Frequency Markets

Key Points

• The central aim is to develop a cohesive theory explaining high-frequency market dynamics via topological methods.
• Developed a self-consistent topological field theory for market microstructure.
• Integrated momentum-space kinetic theory with non-Hermitian dynamics.
• Used scalar projection at the hardware level for analysis.
• Successfully mapped market microstructure to a Fisher information manifold.
• Closed previous axiomatic gaps in understanding market dynamics.

Abstract