What is TWAP execution?
TWAP is the simplest execution algorithm that reduces market impact.
How it works
Divide order quantity by N slices, place one slice every interval, average fill ≈ TWAP.
Smartbull adaptive TWAP
Phase 76 learns per-symbol slippage and adjusts slice size dynamically. Multi-venue split via SOR at $5k+ notional.
See it in action:
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