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Learning Outcome Statements PDF Download
|a. explain the components of execution costs, including explicit and implicit costs;|
b. calculate and interpret effective spreads and VWAP transaction cost estimates;
c. describe the implementation shortfall approach to transaction cost measurement;
|d. describe factors driving the development of electronic trading systems;|
e. describe market fragmentation;
|f. distinguish among types of electronic traders;|
|g. describe characteristics and uses of electronic trading systems;|
h. describe comparative advantages of low-latency traders;
|i. describe the risks associated with electronic trading and how regulators mitigate them;|
j. describe abusive trading practices that real-time surveillance of markets may detect.