Course 10 · Advanced

Market Microstructure & Execution

How orders actually fill. Limit order book mechanics, the order-type taxonomy (iceberg, peg, hidden, MOC, IOC), and execution algorithms (VWAP, TWAP, POV, Implementation Shortfall) that institutional desks use to minimize market impact.

In tracks:Quant

Start courseNext: Anatomy of the Order Book

Modules

Lessons

0/2

Hours

Curriculum

2 modules · 2 lessons

Limit Order Book Mechanics

How a continuous double-auction works, what 'depth' means, and why the spread is the price you pay for instant liquidity.

Progress

0/1

1Anatomy of the Order Book10m
QModule quiz · 1 questions

Execution Algorithms

VWAP, TWAP, POV, Implementation Shortfall — how to slice a parent order to minimize impact.

Progress

0/1

1VWAP, TWAP, and POV9m
QModule quiz · 1 questions

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