Question 1 As part of a research project with London Stock Exchange (LSE), you are assigned a project to analyse the impact of High-Frequency Trading on Liquidity at LSE. Available data includes (but is not limited to): limit order book data, bid and ask prices, order message data, and number of transactions of high-frequency traders and non-highfrequency traders. Required Formulate a research question and research hypothesis for the analysis. Propose a regression model to test your hypothesis. How would you choose your data sample and the type of data for your analysis? Formulate expectations towards your regression results regarding the size and magnitude of your slope coefficient.