The edge after execution costs

FYFX Capital

Draft editorial

Explain the Assumptions

Distinguish quoted spreads and estimated slippage from actual fills. Costs may change with volatility, time of day, order size and liquidity.

Measure the Difference

Compare live execution with the assumptions used in research. Explain whether a difference changes the opportunity, the capacity estimate or the way orders are placed.

Continue the Discussion

Explore our learning guides or introduce your approach through the Contact page. This is draft editorial content for review, not a performance claim or offer of capital.

Documenting a discretionary edge

Judgement becomes easier to evaluate when the reasons behind decisions are recorded.

2 min read

Research that can survive implementation