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Positive Slippage

A slippage that occurs when an order is executed at a more favorable (higher for a sell order, and lower...

Effective Bid-Ask Spread

The difference between trade price and midpoint. That is, it is the difference between the price at which a dealer...

Price Improvement

The process of filling (or executing) an order at a better price than the best market bid and offer (e.g.,...