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AnalystForum

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tT
发表于 2011-7-13 17:24 | 只看该作者

Trading strategy

trade, volume
What strategy you use if the trade is urgent and of high volume?

A) VWAP
B) IS
C) ECN
D) Broker
E) None
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PalacioHill

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2#
发表于 2011-7-13 17:24 | 只看该作者
Vegas Wrote:
-------------------------------------------------------
> What strategy you use if the trade is urgent and
> of high volume?
>
> A) VWAP
> B) IS
> C) ECN
> D) Broker
> E) None


F) Not enough info

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bkballa

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3#
发表于 2011-7-13 17:24 | 只看该作者
skillionaire Wrote:
-------------------------------------------------------
> Vegas Wrote:
> --------------------------------------------------
> -----
> > What strategy you use if the trade is urgent
> and
> > of high volume?
> >
> > A) VWAP
> > B) IS
> > C) ECN
> > D) Broker
> > E) None
>
>
> F) Not enough info


What additional info you need? Or assume whatever you like.
(this is a made up question....)

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Darien

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4#
发表于 2011-7-13 17:24 | 只看该作者
in the real world you would call a trading desk and do a principal transaction with either JPM, GS or MS.

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mcmc

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5#
发表于 2011-7-13 17:24 | 只看该作者
So the answer is use a broker? Thanks.

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susana

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6#
发表于 2011-7-13 17:24 | 只看该作者
IS good for:

1) urgency to trade is high
2) bid/ask spread is low
3) even intra-day trading voluming pattern fo the stock

VWAP good for:
1) urgeny to trade is low
2) order size is small
3) bid/ask spread is low

Brokers good for:
1) lot size is big
2) bid ask spread is large
3) market liquidity sux

so based on these I would probably go with broker.

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nannan66

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7#
发表于 2011-7-13 17:24 | 只看该作者
i would go with a principal trade. urgent trade can also imply sensitive stock information that needs to be traded on instantly ... as volume is large, perhaps the principal is willing to take a large position (not ordinarily avbl in market) for a relatively biger commision. Still information value should outweigh the cost.

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Windjammer

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8#
发表于 2011-7-13 17:24 | 只看该作者
I think the only factor that affects the choice between IS and VWAP is the level of urgency.
Any volume greater than 10% of adv means neither is useful.

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Zestt

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9#
发表于 2011-7-13 17:24 | 只看该作者
IS if sending through algos. Best bet is probably principal trade.



Edited 1 time(s). Last edit at Wednesday, June 2, 2010 at 07:02PM by 1morelevel.

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