@article {Gomes29, author = {Carla Gomes and Henri Waelbroeck}, title = {Transaction Cost Analysis to Optimize Trading Strategies}, volume = {5}, number = {4}, pages = {29--38}, year = {2010}, doi = {10.3905/jot.2010.5.4.029}, publisher = {Institutional Investor Journals Umbrella}, abstract = {Transaction cost analysis (TCA) has been receiving increased attention as an essential element in minimizing trading costs and achieving best execution. In this article, Gomes and Waelbroeck introduce advancements to TCA that reformulate it as a new tool in the design of optimal trading strategies. Their analytical solution separately identifies order-flow characteristics and broker execution quality and assesses the impact of speed and limit price with the purpose of helping traders find opportunities to enhance performance.TOPICS: Performance measurement, VAR and use of alternative risk measures of trading risk, statistical methods}, issn = {1559-3967}, URL = {https://jot.pm-research.com/content/5/4/29}, eprint = {https://jot.pm-research.com/content/5/4/29.full.pdf}, journal = {The Journal of Trading (Retired)} }