%0 Journal Article %A Charles Polk %A Evan Schulman %T Market Structure Matters %D 2018 %R 10.3905/jot.2018.13.4.082 %J The Journal of Trading %P 82-84 %V 13 %N 4 %X Richard Roll observed that continuous markets are more volatile than other market structures. If it is true that continuous markets induce volatility, then unless we change that market structure, we will continue to be plagued with sporadic bursts of nonfunctional, uninformative volatility. This article looks to the underlying reasons and suggests a more serviceable market structure.TOPICS: Legal/regulatory/public policy, quantitative methods %U https://jot.pm-research.com/content/iijtrade/13/4/82.full.pdf