TY - JOUR T1 - Deconstructing Execution Cost and Risk JF - The Journal of Trading SP - 29 LP - 37 DO - 10.3905/jot.2017.12.4.029 VL - 12 IS - 4 AU - Lada Kyj AU - Bayao Zheng Y1 - 2017/09/30 UR - https://pm-research.com/content/12/4/29.abstract N2 - Measuring and understanding execution costs is important for portfolio managers as they look to maximize the returns of their investment opportunities. Trading decisions impact execution performance, and the authors demonstrate a framework for evaluating the performance quality of broker algorithms. It allows portfolio managers and traders to select broker algorithms that better align with their investment objectives.TOPICS: Performance measurement, portfolio management/multi-asset allocation ER -