RT Journal Article
SR Electronic
T1 The Importance of Trade Bundling, Execution Sequencing, and Capturing 360-Degree Trade Inputs for Multi-Asset Strategies
JF Trading
FD Institutional Investor Journals
SP 54
OP 58
VO 2008
IS 1
A1 Sandy Kaul
YR 2008
UL http://guides.pm-research.com/content/2008/1/54.abstract
AB Multi-asset portfolio managers looking to optimize their market impact and cash utilization must carefully craft the composition of, and sequence the order by which they execute, the legs of their trade bundles. Inputs that feed this composition and sequencing are pulled from all aspects of the trade lifecycle. This differs dramatically from long-only and single-asset strategies that typically rely only on pre-trade and market-timing information. To facilitate this more complex and multi-variable trading approach, multi-asset strategy firms have tended to invest in data modeling and distribution tools that provide them an edge over their more product-aligned service partners.