Best Execution
Best execution is the practice of aiming for the best available trade outcome after fees, spreads, and slippage.
Category
These words cover routing logic that tries to improve fills and reduce execution cost.
Terms for getting trades filled efficiently.
In a daily board, this category groups terms by their shared role. Look for four cards that describe the same mechanism, risk area, or workflow rather than four words that merely sound similar.
These entries are vocabulary notes for learning. They are not project endorsements, token recommendations, exchange rankings, or trading signals.
Best execution is the practice of aiming for the best available trade outcome after fees, spreads, and slippage.
Liquidity routing is the process of directing orders to venues or pools with available depth.
Order splitting divides a larger order into smaller pieces to reduce impact and improve fills.
Price improvement happens when a trade executes at a better price than the one initially quoted.