easy · Market Microstructure market-impact
A fund manager decides to buy 10,000 shares of ABC when the midpoint is 100.00. Due to a delay in the trade desk, execution doesn't start until the midpoint is 100.05. The order is eventually filled at an average price of 100.12.
What is the 'delay cost' component of the Implementation Shortfall?
- 700.00
- 1,000.00
- 1,200.00
- 500.00
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