VWAP Debate Divides the Trading Industry
Traders Magazine, November 2005
Guaranteed Volume-Weighted Average Price trades, in the wake of regulators' investigations, are coming under heavy fire by brokerage execs and academics. "We encourage closer scrutiny and examination of these trades," Brian Devere, director of sales for Piper Jaffray's Algorithm and Program Trading group, told Traders Magazine. "We've long questioned how some of our competitors do these transactions at close to zero," he said.
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