Impact assessment

Computer trading: continuous market vs randomised stop auctions and alternative priority rules

Economic impact assessment on continuous market and randomised stop auctions.


Review of the benefits of a continuous market versus randomised stop auctions and of alternative Priority Rules (policy options 7 and 12) (EIA11)

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This economic impact assessment looks at the benefits of replacing the continuous double auction market model with a frequent pro-rata sealed bid randomized auction model.

This impact assessment was commissioned as part of the Foresight project on the future of computer trading.

Published 31 August 2012