What Should The Next Trade Cost? How the Pros Will Set OptiMark Profiles
Traders Magazine, November 1998
The OptiMark Trading System is set to debut as a facility of the Pacific Exchange next month. Wayne H. Wagner, chairman of the Plexus Group, a Los Angeles-based consultant on trading costs to investment managers and brokerage firms, writes about setting profiles on OptiMark, and gives an analysis on cost.
Conversations with buy-side traders reveal a strong curiosity about OptiMark, nothwithstanding a skepticism about how successful it actually will be. Traders, to be sure, fully understand the concepts behind OptiMark, and the potential benefits of the system developed by OptiMark Technologies in Durango, Colo. They are uncomfortable, however, about how to apply their trading experience.
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