Investors prefer to hold diversified combinations of assets. We take this dictum seriously and propose a bundle trading mechanism that would allow investors to trade diverse combinations of assets. The portfolio trading market is designed as an order-driven process where traders submit sealed...

The increased competition witnessed in the market for executing orders for financial assets is the result of efforts to develop new solutions to the evolving needs of the investment community. The structure of market mechanisms reflects the use of contemporary technologies. Recent innovations in...