翻訳と辞書
Words near each other
・ Time-slot interchange
・ Time-to-digital converter
・ Time-tracking software
・ Time-trade-off
・ Time-triggered architecture
・ Time-Triggered Protocol
・ Time-use research
・ Time-use survey
・ Time-utility function
・ Time-variant system
・ Time-varied gain
・ Time-varying covariate
・ Time-varying mesh
・ Time-Varying Microscale
・ Time-varying network
Time-weighted average price
・ Time-weighted return
・ Time/memory/data tradeoff attack
・ Time2shine
・ Time3
・ Timea
・ Timea Bacsinszky
・ Timea Majorova
・ Timea Nagy (activist)
・ Timea Sara
・ Timeattack
・ Timeball
・ Timeblazers
・ Timebomb (1991 film)
・ Timebomb (album)


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Time-weighted average price : ウィキペディア英語版
Time-weighted average price
In finance, time-weighted average price (TWAP) is the average price of a security over a specified time.
TWAP is also sometimes used to describe a TWAP card, that is a strategy that will attempt to execute an order and achieve the TWAP or better. A TWAP strategy underpins more sophisticated ways of buying and selling than simply executing orders en masse: for example, dumping a huge number of shares in one block is likely to affect market perceptions, with an adverse effect on the price. High-volume traders use TWAP to execute their orders over a specific time so they trade to keep the price close to that which reflects the true market price. TWAP orders are a strategy of executing trades evenly over a specified time period. Volume-weighted average price (VWAP) balances execution with volume. Often, a VWAP trade will buy or sell 40% of a trade in the first half of the day and then the other 60% in the second half of the day. A TWAP trade would most likely execute an even 50/50 volume in the first and second half of the day.〔(Volume Weighted Average Price ). StockCharts.com. Accessed January 24, 2012.〕
==See also==

* Electronic trading

抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)
ウィキペディアで「Time-weighted average price」の詳細全文を読む



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