Hot answers tagged friction
Slippage is multi-facetted, however, I think the main element to slippage is going to depend on the sophistication of your execution approach. Also, in your case there are 2 types of slippage: execution slippage (i.e. cost above mid to get your fill) tracking slippage (how much price difference between actual close and your fill price) Execution ...
You can use MOC (Market on Close) orders to realize the closing price on NYSE or NASDAQ. The price you get will be the official close. You should check to see whether the free data you are getting contains the consolidated (last price across all venues) or primary (last price on the primary listing exchange for the stock) for its closing prices. If it ...
Here's a rundown of the various commission-free options out there. Doesn't give any info on maximum number of trades but that shouldn't be very hard to find on the providers' websites.
Take a look at Schwab: http://www.schwab.com/public/schwab/investment_products/etfs/schwab_etfs http://www.schwab.com/public/schwab/investment_products/mutual_funds/no_fee_funds.html Pro-funds ========: http://www.profunds.com/overview/content/faqs.html http://www.proshares.com/faqs/ Rydex ========: ...
I think you've misread the weasel words about Vanguard ETF trades: If you buy and sell the same Vanguard ETF in a Vanguard Brokerage account more than 25 times in a 12-month period, you may be restricted from purchasing that Vanguard ETF through your Vanguard Brokerage account for 60 days. Source.
Given that you're tradeing low volumes ($<1\%$ of volume, I take), I would not assume more than 1 bps slippage in your case.
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