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Execution Algorithms (TWAP, VWAP, POV, AP)

Pre-programmed strategies that manage how an order is worked into the market over time. Common types include TWAP (Time-Weighted Average Price), VWAP (Volume-Weighted Average Price), POV / Participation (Percentage of Volume), and Arrival Price — each balancing speed against market impact differently, and each worth testing under a range of simulated conditions before going live.

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