Market mechanics including order types, execution models, spreads, and liquidity.
This scope is designed to help you build a practical understanding of Order Types & Execution. Lessons move from core definitions to real-world context and common failure points.
Reading in order is recommended, but each lesson stands on its own.
A clear explanation of price improvement, how it occurs in modern markets, why it exists, and how to interpret it on trade executions and broker reports without using strategies or recommendations.','content':'Price improvement is a practical execution concept that describes receiving a better transaction price than the best publicly quoted price a…
An in-depth introduction to order routing, how orders travel from a trading screen to execution venues, why routing exists in modern markets, and what influences execution quality in practice. Focuses on mechanics, venues, regulation, and real-world examples without recommending strategies.
Execution quality describes how closely a completed trade matches the intended price, size, and timing, net of costs and risks. This article explains the mechanics behind execution quality, why it exists as a distinct concern in modern markets, and how it affects real-world order handling and outcomes.
An in-depth explanation of frequent order entry and execution errors, why they occur, and how market microstructure turns small missteps into measurable costs. Focused on order types, time-in-force, routing, and the mechanics of fills across real trading venues.
A clear, practical explanation of execution speed and latency in modern markets, covering definitions, causes, measurement, order-routing effects, and real-world examples without recommending trading strategies or instruments.','content':'Execution speed and latency describe how quickly an order travels from a trader to a trading venue, how fast it…
