PT  - JOURNAL ARTICLE
AU  - Jeffrey Bacidore
AU  - George Safianos
TI  - Choosing the Best Order Execution Strategy
DP  - 2003 Jun 20
TA  - Trading
PG  - 63--72
VI  - 2003
IP  - 1
4099  - http://guides.pm-research.com/content/2003/1/63.short
4100  - http://guides.pm-research.com/content/2003/1/63.full
AB  - In choosing among alternative execution strategies, a buy-side trader should consider five factors: 1) commissions, 2) liquidity impact, 3) expected base-price moves, 4) information leakage, and 5) execution risk. Choosing the best execution strategy for a given order involves balancing the costs and benefits associated with these factors. The authors illustrate using “applications” of how the five factors relate to some common execution strategies and discuss when a trader should use or avoid a given strategy.