Rachel
2019-12-23 16:11老師，請問最后一段greater liquidity是否也可以reduce market impact?課件里老師講market impact是影響price，是不是market impcat就是price impact? 而execution risk是market risk，也是price risk？market impact和execution risk這兩種risk是不是都可以同時用greater liquidity來reduce嗎？
所屬：CFA Level III > Alternative Investments for Portfolio Management 視頻位置 相關(guān)試題
來源： 視頻位置 相關(guān)試題
1個回答
Chris Lan助教
2019-12-24 17:57
該回答已被題主采納
同學你好
流動性更好，說明變現(xiàn)更容易，所以價格的影響會更小。
以下是標準定義，但我覺得和你說的意思是差不多的。
Market impact is the adverse price impact in a security caused from trading an order and can represent one of the largest costs in trading.
Execution risk is the adverse price impact resulting from a change in the fundamental value of the security and is often proxied by price volatility.
流動性好，這兩個風險都可以降低
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