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2026년 TCA/시장충격모델 생태계 총정리 — Perold(1988) Implementation Shortfall, Almgren-Chriss(2000) 최적실행, Kissell-Glantz I-Star, Obizhaeva-Wang(2013) 일시/영구 충격, Bouchaud-Farmer Propagator, Bloomberg BTCA, Virtu Pre-Trade, J.P.Morgan SquareEdge, big xyt 히트맵, BMLL, Tradeweb, MiFID II RTS 27/28, SEC Rule 605/606, 한국 KOFIA Best Ex Policy, 일본 SESC 모니터링까지.