TY - JOUR T1 - The Broken Marketplaceā€”Reversing a $100 Billion Tax JF - Trading SP - 63 LP - 66 VL - 2002 IS - 1 AU - Seth Merrin Y1 - 2002/03/20 UR - http://guides.pm-research.com/content/2002/1/63.abstract N2 - The tremendous growth of institutional assets throughout the late 1980s and 1990s combined with Securities and Exchange Commission- and exchange-led initiatives have created inefficiencies in the system for institutions. Institutions have outgrown the current market's ability to handle their business efficiently. In this article, we discuss some of the problems that institutions encounter as well as our proposed solution of creating a separate trading venue for the wholesale marketplace that focuses more on institutional needs. ER -