Why a second edition? Why take time from busy lives? Why devote the energy to improving
an existing text rather than writing an entirely new one? Why toy with success? The short …

We derive dynamic optimal trading strategies that minimize the expected cost of trading a
large block of equity over a fixed time horizon. Specifically, given a fixed block S̄ of shares …

A fully revised second edition of the best guide to high-frequency trading High-frequency
trading is a difficult, but profitable, endeavor that can generate stable profits in various …

Optimal trading strategies are determined for liquidation of a large single-asset portfolio to
minimize a combination of volatility risk and market impact costs. The market impact cost per …

Presented are an overview of the findings from the recent literature on the cost of US equity
trades for institutional investors and new evidence on trading costs from a large sample of …

Systemic risk is commonly used to describe the possibility of a series of correlated defaults
among financial institutions---typically banks---that occur over a short period of time, often …

The hedge fund industry has grown dramatically over the last two decades, with more than
eight thousand funds now controlling close to two trillion dollars. Originally intended for the …

The Science of Algorithmic Trading and Portfolio Management, with its emphasis on
algorithmic trading processes and current trading models, sits apart from others of its kind …

We introduce liquidity into the standard mean–variance portfolio optimization framework by
defining several measures of liquidity and then constructing three-dimensional mean …

Moderating influence of advisor personality on the association between financial advice and
investor stock trading behavior | Emerald Insight Books and journals Case studies Expert …