Editorial articles
Articles
Short, free editorial pieces on AI in investment — transaction cost estimation and trade execution. Read them, argue with them, send a question.
These are short editorial pieces. They are written to be read in any order. None of them is investment advice, and none of them sells anything.
Measured slippage versus assumed slippage
The honest distinction in post-trade analysis: which slippage was measured from recorded fills, and which was reconstructed from proxies.
Read the article →Reading an impact model before trusting its slippage number
How to read the market-impact assumption behind an AI execution model, and why the assumption matters more than the headline slippage figure.
Read the article →Naming the components of a transaction cost estimate
Why a single total-cost number is not enough, and which components an honest AI cost estimate should be willing to name.
Read the article →