PT  - JOURNAL ARTICLE
AU  - Charles Polk
AU  - Evan Schulman
TI  - Market Structure Matters
AID  - 10.3905/jot.2018.13.4.082
DP  - 2018 Oct 31
TA  - The Journal of Trading
PG  - 82--84
VI  - 13
IP  - 4
4099  - https://pm-research.com/content/13/4/82.short
4100  - https://pm-research.com/content/13/4/82.full
AB  - Richard Roll observed that continuous markets are more volatile than other market structures. If it is true that continuous markets induce volatility, then unless we change that market structure, we will continue to be plagued with sporadic bursts of nonfunctional, uninformative volatility. This article looks to the underlying reasons and suggests a more serviceable market structure.TOPICS: Legal/regulatory/public policy, quantitative methods