TY - JOUR T1 - Grading Broker Algorithms JF - The Journal of Trading SP - 50 LP - 61 DO - 10.3905/JOT.2009.4.4.050 VL - 4 IS - 4 AU - Leslie Boni Y1 - 2009/09/30 UR - https://pm-research.com/content/4/4/50.abstract N2 - Institutional trading desks often have accounts with multiple brokers, each offering one or more flavors of the workhorse algorithms: Implementation Shortfall, VWAP, and Volume Participation. The challenge for many traders has become not only which algorithm to use but also whose algorithm to use.TOPICS: Volatility measures, statistical methods, simulations ER -