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COMMENTARY: A Market Structure That Fits the Needs of Portfolio Managers

Charles Polk & Evan Schulman

The Journal of Trading2018https://doi.org/10.3905/jot.2018.13.4.080article
ABDC C
Weight
0.34

What the paper says

Trading “these” securities for “those” (portfolio trades) can be expensive if done through our current continuous markets. This article compares a broker-implemented blind bid solution to this problem in a continuous market setting versus a combined value computerized call market that maximizes available liquidity to create balanced trades between such lists. The technology is known: combined value markets are in use today servicing markets in logistics contracts, emissions permits, spectrum licenses, and aerospace procurement. Should not financial concerns, such as custodial banks, be currently offering such services to their clients? <b>TOPICS:</b>Exchanges/markets/clearinghouses, portfolio management/multi-asset allocation

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https://doi.org/https://doi.org/10.3905/jot.2018.13.4.080

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@article{charles2018,
  title        = {{COMMENTARY: A Market Structure That Fits the Needs of Portfolio Managers}},
  author       = {Charles Polk & Evan Schulman},
  journal      = {The Journal of Trading},
  year         = {2018},
  doi          = {https://doi.org/https://doi.org/10.3905/jot.2018.13.4.080},
}

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Evidence weight

0.34

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.00 × 0.4 = 0.00
M · momentum0.80 × 0.15 = 0.12
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.