medium · Market Microstructure
A buy order for 1,000 shares has a Decision Price of $100. The trader waits, and at Arrival, the price is $102. The trader executes 500 shares at $103 and then cancels the rest when the price is $105.
What is the Delay Cost?
- $3,000
- $1,000
- $5,000
- $2,000
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