Survival strategies for exchanges by Dr. Robert A. Wood
ARTICLE SYNOPSIS ...Survival strategies for exchanges
by Dr. Robert A. Wood
The rate of change in the structure of capital markets appears to be accelerating. Some forces affecting
change are the evolution of futures and options markets, computerized trading which permits professional
investors to focus liquidity demands of essentially unlimited size on exchanges instantly, trading
strategies such as portfolio insurance, index arbitrage and ""hot money"" strategies which result in immense
liquidity demands being placed on exchanges within very short time frames, upstairs block trades and,
more recently, basket t...
AUTHOR: Dr. Robert A. WoodDATE: DEC 1988