@article {Polk15, author = {Charles Polk and Evan Schulman}, title = {Market Structure Matters}, volume = {7}, number = {1}, pages = {15--17}, year = {2011}, doi = {10.3905/jot.2012.7.1.015}, publisher = {Institutional Investor Journals Umbrella}, abstract = {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: Equity portfolio management, exchanges/markets/clearinghouses, volatility measures}, issn = {1559-3967}, URL = {https://jot.pm-research.com/content/7/1/15}, eprint = {https://jot.pm-research.com/content/7/1/15.full.pdf}, journal = {The Journal of Trading (Retired)} }