Trade Markouts Explained: Execution Quality
What is a trade markout? The sign convention explained in plain English, plus a real markout curve measured at horizons from 1 second out to 5 minutes.
#markouts
Filtering by topic #markouts · clear
Why Market Makers Lose Money: Adverse Selection
Why do market makers lose money? Adverse selection is the main channel. See how markout curves measure it, plus inventory risk and queue position costs.