Good Morning tomkat22, Thanks for the response. I agree. I think trading edge is personal defined because capital is needed too.
what would be useful is if someone curates and summarizes exchange/sef/ecn (worldwide) trader incentive offerings. Those are sometimes quite valuable
For those who don't specifically trade just the underlying or derivative by itself, such as in pairs, spreads, arbs, etc.
Assume much, unless you weren't referring to me personally. Don't trade equities. Anyway never have (nor likely ever will) buy an odd lot in my life.
Slippage and TC is the distance between your fill and your arrival price. Just because someone gets a fill close to their arrival price doesn't mean they have an edge in the direction of where the underlying is going, hence an execution edge is "delta neutral." E.g. just because I am a small trader and can fill my order on screens w/o slippage, doesn't mean I am right about a stock going up or down subsequently. I wasn't talking about you, I was talking about how execution edge and trading pnl are two separate things.