首页    期刊浏览 2024年12月01日 星期日
登录注册

文章基本信息

  • 标题:Combination trading with limit orders
  • 本地全文:下载
  • 作者:Henry Schellhorn
  • 期刊名称:Advances in Decision Sciences
  • 印刷版ISSN:2090-3359
  • 电子版ISSN:2090-3367
  • 出版年度:1997
  • 卷号:1
  • 期号:2
  • 页码:133-150
  • DOI:10.1155/S1173912697000126
  • 出版社:Hindawi Publishing Corporation
  • 摘要:

    We model the exchange of commodities that are contingent upon each other, when traders place mostly limit orders. Examples include: 1) a market of financial futures where future spreads are also traded, 2) a market of mutual funds and stocks, 3) a market of options and stocks, under the viewpoint that they are both combinations of Arrow-Debreu securities. We prove that consistent prices are optimal. We develop a fixed-point algorithm to compute an optimal price and allocation. The algorithm combines ideas from contraction mapping theory and from homotopy theory. It is much faster than a traditional linear programming approach.

国家哲学社会科学文献中心版权所有