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- 2013-9-12
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Reviewing the more obscure material, that could be tested:
What's the difference between (1) "Liquidity at Any Costs" and (2) "Costs are Not Important"?
(1) gets immediate execution, but possibly high market impact because they tip their hand
(2) gets certain execution, paying the market spread... ignores tactics that might be lower cost
So, is (1) and (2) a matter of size? or degree of urgency? |
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