Chaos and Order https://www.youngju.dev/blog 천천히 올바르게. AI Researcher & DevOps Engineer Youngju's tech blog. GPU/CUDA, LLM, MLOps, Kubernetes AI workloads, distributed training, and data engineering. ko fjvbn2003@gmail.com (Youngju Kim) fjvbn2003@gmail.com (Youngju Kim) Mon, 25 May 2026 00:00:00 GMT https://www.youngju.dev/blog/culture/2026-05-25-tca-market-impact-implementation-shortfall-almgren-chriss-kissell-bloomberg-btca-virtu-big-xyt-2026-deep-dive.en TCA + Market Impact Models 2026 Deep Dive — Implementation Shortfall, Almgren-Chriss, Kissell-Glantz I-Star, Bouchaud-Farmer Propagator, Bloomberg BTCA, Virtu, big xyt, BMLL, Tradeweb https://www.youngju.dev/blog/culture/2026-05-25-tca-market-impact-implementation-shortfall-almgren-chriss-kissell-bloomberg-btca-virtu-big-xyt-2026-deep-dive.en Complete 2026 guide to TCA and market impact models — Perold (1988) Implementation Shortfall, Almgren-Chriss (2000) optimal execution, Kissell-Glantz I-Star, Obizhaeva-Wang (2013) temporary/permanent impact, Bouchaud-Farmer propagator, Bloomberg BTCA, Virtu Pre-Trade, J.P. Morgan SquareEdge, big xyt heatmap, BMLL, Tradeweb, MiFID II RTS 27/28, SEC Rule 605/606, Korean KOFIA Best Ex Policy, and Japanese SESC monitoring. Mon, 25 May 2026 00:00:00 GMT fjvbn2003@gmail.com (Youngju Kim) tcatransaction-cost-analysismarket-impactimplementation-shortfallalmgren-chrisskissell-glantzbouchaud-farmerbloomberg-btcavirtu-pretradebig-xytbmlltradewebmifid-ii-rts-28sec-rule-606broker-scorecardexecution-algo-wheel https://www.youngju.dev/blog/culture/2026-05-25-tca-market-impact-implementation-shortfall-almgren-chriss-kissell-bloomberg-btca-virtu-big-xyt-2026-deep-dive.ja TCA(取引コスト分析)+ マーケットインパクトモデル 2026 ディープダイブ — Implementation Shortfall, Almgren-Chriss, Kissell-Glantz I-Star, Bouchaud-Farmer Propagator, Bloomberg BTCA, Virtu, big xyt, BMLL, Tradeweb 完全解説 https://www.youngju.dev/blog/culture/2026-05-25-tca-market-impact-implementation-shortfall-almgren-chriss-kissell-bloomberg-btca-virtu-big-xyt-2026-deep-dive.ja 2026年のTCA/マーケットインパクトモデル生態系を網羅 — Perold(1988)Implementation Shortfall、Almgren-Chriss(2000)最適執行、Kissell-Glantz I-Star、Obizhaeva-Wang(2013)一時/恒久インパクト、Bouchaud-Farmer Propagator、Bloomberg BTCA、Virtu Pre-Trade、J.P.Morgan SquareEdge、big xyt ヒートマップ、BMLL、Tradeweb、MiFID II RTS 27/28、SEC Rule 605/606、韓国KOFIA最良執行ポリシー、日本SESCモニタリングまで。 Mon, 25 May 2026 00:00:00 GMT fjvbn2003@gmail.com (Youngju Kim) tcatransaction-cost-analysismarket-impactimplementation-shortfallalmgren-chrisskissell-glantzbouchaud-farmerbloomberg-btcavirtu-pretradebig-xytbmlltradewebmifid-ii-rts-28sec-rule-606broker-scorecardexecution-algo-wheel https://www.youngju.dev/blog/culture/2026-05-25-tca-market-impact-implementation-shortfall-almgren-chriss-kissell-bloomberg-btca-virtu-big-xyt-2026-deep-dive TCA(거래비용분석) + 시장충격모델 2026 딥다이브 — Implementation Shortfall, Almgren-Chriss, Kissell-Glantz I-Star, Bouchaud-Farmer Propagator, Bloomberg BTCA, Virtu, big xyt, BMLL, Tradeweb 완전 정복 https://www.youngju.dev/blog/culture/2026-05-25-tca-market-impact-implementation-shortfall-almgren-chriss-kissell-bloomberg-btca-virtu-big-xyt-2026-deep-dive 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. Mon, 25 May 2026 00:00:00 GMT fjvbn2003@gmail.com (Youngju Kim) tcatransaction-cost-analysismarket-impactimplementation-shortfallalmgren-chrisskissell-glantzbouchaud-farmerbloomberg-btcavirtu-pretradebig-xytbmlltradewebmifid-ii-rts-28sec-rule-606broker-scorecardexecution-algo-wheel