NO.PZ2022122701000001
问题如下：
Harding begins the meeting by asking Yellow about factors thataffect the selection of an appropriate trading strategy. Yellow tells Harding:
Statement 1: Trading withgreater urgency results in lower execution risk.
Statement 2: Trading largersize orders with higher trade urgency reduces market impact.
Statement 3: Securities withhigh rates of alpha decay require less aggressive trading to realize alpha.
Which of Yellow’s statementsregarding the factors affecting the selection of a trading strategy is correct?
选项：
A.
Statement 1
B.
Statement 2
C.
Statement 3
解释：
Correct Answer: A
Greater trade urgency results in lower execution risk because the orderis executed over a shorter period of time, which decreases the time the tradeis exposed to price volatility and changing market conditions. In contrast,lower trade urgency results in higher execution risk because the order isexecuted over a longer period of time, which increases the time the trade is exposedto price volatility and changing market conditions.
交易越紧急不是交易执行风险越高吗？这题为什么选a呢？谢谢老师
