{
  "slug": "trading-execution",
  "name": "Trading & Execution",
  "description": "Order routing, execution algorithms, transaction-cost analysis, market access, and best-execution practices.",
  "key_concepts": [
    "TWAP",
    "VWAP",
    "implementation shortfall",
    "POV",
    "smart order routing",
    "TCA"
  ],
  "term_count": 53,
  "key_terms": [
    "agency-execution",
    "arrival-price-algorithm",
    "basket-trading",
    "block-trade",
    "book-transfer",
    "borrow-cost",
    "counter-trend-trading",
    "cover",
    "crossing-network",
    "day-order",
    "day-trader",
    "dual-trading",
    "easy-to-borrow",
    "electronic-communication-network",
    "even-lot",
    "execution-algorithm",
    "explicit-transaction-costs",
    "give-up",
    "good-this-week-order",
    "hard-to-borrow"
  ]
}