TY - JOUR T1 - Constant Impact Strategy JF - The Journal of Trading SP - 26 LP - 33 DO - 10.3905/jot.2014.9.3.026 VL - 9 IS - 3 AU - Vladimir Markov Y1 - 2014/06/30 UR - https://pm-research.com/content/9/3/26.abstract N2 - This article presents a new schedule-based execution strategy called the constant impact strategy. The strategy is a generalization of the percentage of volume strategy and is adaptive in volume and volatility spaces. It can be an attractive alternative to standard execution strategies for orders with low urgency, which is typical of passive institutional orders.TOPICS: Security analysis and valuation, statistical methods ER -