Conceptio › Archive › arXiv (All)
arXiv (All) open access

Non-Convex Market Makers: Coherence without Convexity, Friction, and Parallel Composition

Cotton, Peter
arXiv (All) · Papers
Open Source ↗Direct PDF ↓
90c2591g15f-2-2j-4mathematical-financetrading-and-market-microstructure
Cost-function market makers are always assumed convex, and convexity is not what makes them coherent. For a path-independent maker the exact no-arbitrage condition is a chord condition, that every chord slope of the cost lie in the convex hull of payoffs; convexity enters the standard axiomatics thr
Conceptio Open Archive

Analyze & explore related research in Conceptio

Connect this record directly into your research workflow or AI agent. Explore citations across open repositories, query full text, and export structured proof bundles.

This document is indexed with metadata only: full text is not available in the archive for this record. Open the official source ↗

Related documents

Record · ID 1536332
Retrieved via Conceptio: every document is proof-bundled with source, license, and retrieval metadata.
Bring this data into your agent: Connect via MCP or API · 20 free credits to start · no card required
Read the Docs → · View CLI source on GitHub · Conceptio Open Knowledge Archive