Middle School Playground

[sarals]

You mad because I caught you posting quotes again without links?


vwap info
by: marycummins (35/F/Los Angeles, CA)
Long-Term Sentiment: Strong Sell 07/25/01 12:47 pm
Msg: 126450 of 126458

Here's a quote from Ian Domowitz, former professor of Penn State's Smeal College of Business, from a study published last month entitled "Liquidity in an Automated Auction:"
"Institutional traders who simply partition their order mechanically over the day with the objective of trading at the value-weighted average price could benefit from attempting to time their trades to take care of periodic liquidity surpluses while avoiding liquidity defects."

He also warned that reliance on certain automated systems to provide liquidity and a good price could be "dangerous."

Automated systems are "dependent upon public limit orders for buying and selling a security. If the limit order book is thin, even small trades can induce large price movements, increasing trading costs and volatility."

http://messages.yahoo.com/bbs?.mm=FN&action=m&board=4687979&tid=astn&sid=4687979&....

Re: vwap info
by: sarasninelives (F/SF bay area) 07/25/01 12:51 pm
Msg: 126454 of 126458
Where are your links to the original?

http://messages.yahoo.com/bbs?.mm=FN&action=m&board=4687979&tid=astn&sid=4687979&....