Measuring the real cost of executing a trade — market impact, slippage, timing cost — against a benchmark, after the fact. Running TCA on simulated executions lets a team optimize an algo’s parameters before those costs are paid with real money.
Measuring the real cost of executing a trade — market impact, slippage, timing cost — against a benchmark, after the fact. Running TCA on simulated executions lets a team optimize an algo’s parameters before those costs are paid with real money.