PT - JOURNAL ARTICLE AU - Seth Merrin TI - The Broken Marketplaceā€”Reversing a $100 Billion Tax DP - 2002 Mar 20 TA - Trading PG - 63--66 VI - 2002 IP - 1 4099 - http://guides.pm-research.com/content/2002/1/63.short 4100 - http://guides.pm-research.com/content/2002/1/63.full AB - 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.