Decoded Intelligence Signal
Adverse Selection
advanced
market_structure
Verified: May 27, 2026Lexicon Core Definition
The microstructure phenomenon in which a trade executes against an informed counterparty who has information about near-term price direction that the passive party lacks; results in post-fill price movement against the passive party's position.
Analysis Breakdown
The microstructure phenomenon in which a trade executes against an informed counterparty who has information about near-term price direction that the passive party lacks; results in post-fill price movement against the passive party's position. Full explanation coming soon when Journey 24 content is ingested.