An Analysis of Automated Transactions Markets

自动交易市场分析

• 批准号: 8921952
• 负责人: Ian Domowitz
• 金额: $ 8.65万
• 依托单位: Northwestern University
• 依托单位国家: 美国
• 项目类别: Continuing Grant
• 财政年份: 1990
• 资助国家: 美国
• 起止时间: 1990-03-15 至 1992-09-30
• 项目状态: 已结题
• 来源: https://www.nsf.gov/awardsearch/showAward?AWD_ID=8921952&HistoricalAwards=false
• 关键词: Analysis; Automated; Transactions; Markets

This project will investigate a crucial aspect of the integration of technology into financial market architecture: the automation of the trade execution process itself. The output from the project could be of substantial practical benefit, possibly helping to lead to necessary changes in the ways U.S. capital markets are structured. Information will be collected on the workings of the algorithms in automated markets that determine prices and quantities from offer information. These systems and existing trading practices will be compared with sets of theoretical benchmarks.

该项目将研究技术融入金融市场架构的一个关键方面：交易执行流程本身的自动化。 该项目的成果可能具有巨大的实际效益，可能有助于美国资本市场的结构方式发生必要的变化。 将收集有关自动化市场中算法运作的信息，这些算法根据报价信息确定价格和数量。 这些系统和现有的交易实践将与一组理论基准进行比较。