Institutional Order Handling and Broker-Affiliated Trading Venues

2019 ◽  
Author(s):  
Amber Anand ◽  
Mehrdad Samadi ◽  
Jonathan Sokobin ◽  
Kumar Venkataraman
Keyword(s):  
Institutional Order ◽  
Order Handling

Institutional Order Handling and Broker-Affiliated Trading Venues

2021 ◽  
Author(s):  
Amber Anand ◽  
Mehrdad Samadi ◽  
Jonathan Sokobin ◽  
Kumar Venkataraman
Keyword(s):  
Trading Systems ◽  
Institutional Order ◽  
Order Handling

Abstract Using detailed order handling data, we find that institutional brokers who route more orders to affiliated alternative trading systems (ATSs) are associated with lower execution quality (i.e., lower fill rates and higher implementation shortfall costs). To separate clients’ preference for ATSs from brokers’ routing decisions, we confirm these results for orders where brokers have more order handling discretion, matched broker analysis that accounts for ATS usage, matched child orders that account for client intent, and based on an exogenous constraint on ATS venue choice. Our results suggest that increased transparency of order routing practices will improve execution quality.

Unknown and Under-Researched: The Anatomy of Drinking Under Control Programs

2017 ◽  
Vol 63 (5) ◽  
pp. 277-288
Author(s):  
Harald Klingemann ◽  
Justyna Klingemann
Keyword(s):  
Quality Of Life ◽  
Harm Reduction ◽  
Evaluation Studies ◽  
Mission Statements ◽  
Community Response ◽  
Limited Resources ◽  
Admission Criteria ◽  
Control Programs ◽  
Institutional Order

Abstract. Introduction: While alcohol treatment predominantly focuses on abstinence, drug treatment objectives include a variety of outcomes related to consumption and quality of life. Consequently harm reduction programs tackling psychoactive substances are well documented and accepted by practitioners, whereas harm reduction programs tackling alcohol are under-researched and met with resistance. Method: The paper is mainly based on key-person interviews with eight program providers conducted in Switzerland in 2009 and up-dated in 2015, and the analysis of reports and mission statements to establish an inventory and description of drinking under control programs (DUCPs). A recent twin program in Amsterdam and Essen was included to exemplify conditions impeding their implementation. Firstly, a typology based on the type of alcohol management, the provided support and admission criteria is developed, complemented by a detailed description of their functioning in practice. Secondly, the case studies are analyzed in terms of factors promoting and impeding the implementation of DUCPs and efforts of legitimize them and assess their success. Results: Residential and non-residential DUCPs show high diversity and pursue individualized approaches as the detailed case descriptions exemplify. Different modalities of proactively providing and including alcohol consumption are conceptualized in a wider framework of program objectives, including among others, quality of life and harm reduction. Typically DUCPs represent an effort to achieve public or institutional order. Their implementation and success are contingent upon their location, media response, type of alcohol management and the response of other substance-oriented stake holders in the treatment system. The legitimization of DUCPs is hampered by the lack of evaluation studies. DUCPs rely mostly – also because of limited resources – on rudimentary self-evaluations and attribute little importance to data collection exercises. Conclusions: Challenges for participants are underestimated and standard evaluation methodologies tend to be incompatible with the rationale and operational objectives of DUCPs. Program-sensitive multimethod approaches enabled by sufficient financing for monitoring and accompanying research is needed to improve the practice-oriented implementation of DUCPs. Barriers for these programs include assumptions that ‘alcohol-assisted’ help abandons hope for recovery and community response to DUCPs as locally unwanted institutions (‘not in my backyard’) fuelled by stigmatization.

Institutional Cosmopolitanism

2018 ◽  
Keyword(s):  
International Relations ◽  
Current System ◽  
Political Repression ◽  
Moral View ◽  
Political Justice ◽  
Global System ◽  
World Government ◽  
Emerging Issues ◽  
Protection Of Human Rights ◽  
Institutional Order

Is a global institutional order composed of sovereign states fit for cosmopolitan moral purpose? Cosmopolitan political theorists challenge claims that states, nations, and other collectives have ultimate moral significance. They focus instead on individuals: on what they share and on what each may owe to all others. They see principles of distributive justice—and increasingly political justice—applying with force in a global system in which billions continue to suffer from severe poverty and deprivation, political repression, interstate violence, and other ills. Cosmopolitans diverge, however, on the institutional implications of their shared moral view. Some argue that the current system of competing sovereign states tends to promote unjust outcomes and stands in need of deep structural reform. Others reject such claims and contend that justice can be pursued through transforming the orientations and conduct of individual and collective agents, especially states. This volume brings together prominent political theorists and international relations scholars—including some skeptics of cosmopolitanism—in a far-ranging dialogue about the institutional implications of the approach. The contributors offer penetrating analyses of both continuing and emerging issues around state sovereignty, democratic autonomy and accountability, and the promotion and protection of human rights. They also debate potential reforms of the current global system, from the transformation of cities and states to the creation of some encompassing world government capable of effectively promoting cosmopolitan aims.

Leading through ritual: Ceremony and emperorship in early modern China

Leadership ◽  
2017 ◽  
Vol 14 (4) ◽  
pp. 435-459 ◽  
Author(s):  
Gazi Islam ◽  
Macabe Keliher
Keyword(s):  
Early Modern ◽  
Analogical Reasoning ◽  
Modern China ◽  
Historical Case Study ◽  
Historical Case ◽  
Ritual Performance ◽  
The Qing Dynasty ◽  
Structural Aspects ◽  
Institutional Order

Ritual performance is well understood in organizational maintenance. Its role in leadership and processes of change, however, remains understudied. We argue that ritual addresses key challenges in institutionalizing leadership, particularly in fixing the relation between a charismatic leader and formal governance structures. Through a historical case study of the institutionalization of the emperor in Qing China (1636–1912), we argue that the shaping of collective understandings of the new emperor involved structural aspects of ritual that worked through analogical reasoning to internalize the figure of the leader through focusing attention, fixing memory, and emotionally investing members in the leader. We argue that data from the Qing dynasty Board of Rites show that ritual was explicitly designed to model the new institutional order, which Qing state-makers used to establish collective adherence to the emperorship. We further discuss the implications of this case for understanding the symbolic and performative nature of leadership as an institutional process.

scholarly journals The Integrity of the Territorial Identification of a Person in the Russian Social Space

2019 ◽  
Vol 9 (1) ◽  
pp. 2276-2286
Keyword(s):  
Social Integration ◽  
Social Environment ◽  
Social Order ◽  
Social Space ◽  
Social Identification ◽  
Cross Cultural ◽  
Russian Society ◽  
Sociological Study ◽  
The Social ◽  
Institutional Order

Purpose of the study: To investigate the sociological dimension of social space structuring under the influence of territorial movements in the era of globalization based on the example of modern Russia. As the methodology for the study, the synthesis of E. Giddens’ theory was structured, its provisions on the topography of social space in the geographical plane. The paradigm of structuralist constructivism of P. Bourdieu was used as well, in which it was relevant for us to analyze habitus as a socio-geographical environment for the formation of institutional strategies of agents of social relationship. Factors that contribute to and hinder the adaptation of personality in the new social environment, were examined based on works by O. Toffler, U. Beck, V.I. Chuprov and Yu.A. Zubok. To determine the mechanism of the genesis and functioning of meanings in the new communicative environment, the authors relied on N. Luman's approach to self-identification and self-conference. In the process of analyzing the nature of trust in the institutional order in the context of globalization, the authors used works by A.V. Ivanov and S.A. Danilova who analyze the mechanisms of formation. The empirical basis for the article was a sociological study conducted on the basis of the Sociological Center of Kutafin Moscow State Law University.The article reveals the features of personality identification in a dynamic environment of interethnic and cross-cultural interactions, structured under the influence of territorial factors. The degree of conformity of the scale, the nature and depth of self-identification in various territorial planes of the social space are determined by the example of modern Russian society. Factors of social integration in the process of the formation of territorial identity both at the institutional level and in everyday life when constructing informal social ties are disclosed. The restrictions of social identification in the regions of Russia are found that prevent the formation of civic identity and responsibility for the reproduction of the social order. The values that determine social integration in cross-cultural interaction are revealed. The results of the study make a significant contribution to the development of methods for determining the causes of the genesis of separatist sentiments and the conditions for designing constructive social participation in various regions. The article is relevant for undergraduate and graduate students, as well as lecturers, involved in the problems of the sociological study of globalization, social space and group identity. The work uses an integral methodology for measuring social processes from the perspective of the subject of action, constructing strategies in the new social environment, and from the perspective of a system that ensures the reproduction of the institutional order.

The influence of product complexity on order handling process

2011 ◽  
Vol 10 (2) ◽  
pp. 123 ◽  
Author(s):  
Hanna Kropsu Vehkapera ◽  
Harri Haapasalo ◽  
Suvi Lokkinen ◽  
Kongkiti Phusavat
Keyword(s):  
Product Complexity ◽  
Order Handling
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