- CFA Exams
- 2023 Level II
- Topic 9. Portfolio Management
- Learning Module 46. Trading Costs and Electronic Markets
- Subject 1. Costs of Trading
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Subject 1. Costs of Trading PDF Download
Learning Outcome Statements
explain the components of execution costs, including explicit and implicit costs;calculate and interpret effective spreads and VWAP transaction cost estimates;
describe the implementation shortfall approach to transaction cost measurement;
CFA® 2023 Level II Curriculum, Volume 6, Module 46
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