Automating the Price Discovery Process is popular PDF and ePub book, written by Mr.Ian Domowitz in 1992-10-01, it is a fantastic choice for those who relish reading online the Technology & Engineering genre. Let's immerse ourselves in this engaging Technology & Engineering book by exploring the summary and details provided below. Remember, Automating the Price Discovery Process can be Read Online from any device for your convenience.
Automating the Price Discovery Process Book PDF Summary
Automated trade execution systems are examined with respect to the degree to which they automate the price discovery process. Seven levels of automation of price discovery are identified, and 47 systems are classified according to these criteria. Systems operating at various levels of automation are compared with respect to age, geographical location, and type of securities traded. Information provided to market participants, and asymmetries of information between traders with direct access to the automated market and outside investors also are examined. It is found, for example, that the degree of asymmetric information increases with the level of automation of price discovery. The potential for trading abuses related to prearranged trading, noncompetitive execution, and trading ahead of customers is analyzed for each level of automation. Certain levels of automation widen the opportunities for trading abuses in some respects, but may narrow them in others.
Detail Book of Automating the Price Discovery Process PDF
- Author : Mr.Ian Domowitz
- Release : 01 October 1992
- Publisher : International Monetary Fund
- ISBN : 9781451850253
- Genre : Technology & Engineering
- Total Page : 32 pages
- Language : English
- PDF File Size : 14,9 Mb
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