The BHC Blog
Blocks vs. Volatility
Like clockwork, block volume falls off in volatile markets. But should it? In theory, no. But to quote Yogi Berra: “In theory, theory and practice are the same. In practice they’re not.” Let’s look at the theory first, which is: If participants are trading with [...]
Continue Reading...TCA Challenges–the devil’s in the details
Most of today’s uses of transaction cost measurement are post trade analyses done at the end of the day. This broad measure of daily trade performance is useful, and can help organizations identify areas where their trading strategies are underperforming. While measuring trade performance on [...]
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