Implementation Shortfall vs Market Impact
Quick comparison to help you distinguish these two crypto terms.
Implementation Shortfall
intermediate
strategy
Total cost differential between a trade's decision price and actual execution price, measuring the full impact of execution timing, market movement, and market impact combined.
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intermediate
market_structure
Market impact is the degree to which a trader's own order moves the asset's price against them during execution, caused by consuming available liquidity in the order book.
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