Spread, Slippage and Rebates: How to Measure Your Real Execution Cost
Advertised spread is the smallest part of what you pay. How to measure slippage asymmetry, build an all-in per-lot cost, and see how much of your edge execution is taking.
Order Flow & Microstructure
Liquidity pools, stop runs, spread behaviour, slippage and how the plumbing of the FX market affects your fills.