Trading & Market Structure
Time-Weighted Average Price
Definition
What is Time-Weighted Average Price?
The average price over time, commonly used as an execution benchmarkA reference index or rate used to evaluate a fund's performance. or scheduling method.
Example in practice
How This Looks in Practice
The order is split into equal portions every 15 minutes.
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Related Terms
Trading & Market Structure
Bid
The highest price a buyer is currently willing to pay for a security.
Trading & Market StructureAsk
The lowest price a seller is currently willing to accept for a security.
Trading & Market StructureBid-Ask Spread
The difference between the best available buying and selling prices.
Order TypesMarket Order
An instruction to buy or sell immediately at the best available prices.