PT - JOURNAL ARTICLE AU - Vladimir Markov TI - Constant Impact Strategy AID - 10.3905/jot.2014.9.3.026 DP - 2014 Jun 30 TA - The Journal of Trading PG - 26--33 VI - 9 IP - 3 4099 - https://pm-research.com/content/9/3/26.short 4100 - https://pm-research.com/content/9/3/26.full AB - This article presents a new schedule-based execution strategy called the constant impact strategy. The strategy is a generalization of the percentage of volume strategy and is adaptive in volume and volatility spaces. It can be an attractive alternative to standard execution strategies for orders with low urgency, which is typical of passive institutional orders.TOPICS: Security analysis and valuation, statistical methods