These are small tidbits, where it can finally make a difference. Market Impact: Intangible cost to purchase liquidity. Bid-Ask Spread Opportunity cost: Delay or failure to complete a trade. Significant in order driven markets.
These are small tidbits, where it can finally make a difference. Market Impact: Intangible cost to purchase liquidity. Bid-Ask Spread Opportunity cost: Delay or failure to complete a trade. Significant in order driven markets.