hard · Market Microstructure
A trader executes a 100,000 share buy order. The pre-trade midpoint was $50.00 and the post-trade midpoint is $50.08. The execution was done via a dark pool at the midpoint, avoiding all temporary impact.
What was the total cost of the trade in basis points?
- 8 bps
- 4 bps
- 0 bps
- 16 bps
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