Determine the veracity of each comment. Justify each response. Beatrice Minchow designs and implements algorithmic trading strategies
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Determine the veracity of each comment. Justify each response.
Beatrice Minchow designs and implements algorithmic trading strategies for Enlightenment Era Partners LLC (EEP). Minchow is working with Portfolio Manager James Bean on an algorithm to implement a sell order for Bean’s small position in the lightly-traded shares of public company Dynopax Inc. In a conversation with Minchow, Bean states the following:
• I have no expectations of adverse price movements during the trade horizon and would like to use a scheduled algorithm.
• I want to minimize market impact, but I’m more concerned about getting the sell order completely executed in one day.
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