@article {Wightkin35, author = {John Wightkin}, title = {Grading Algorithms}, volume = {2007}, number = {1}, pages = {35--39}, year = {2007}, publisher = {Institutional Investor Journals Umbrella}, abstract = {Algorithmic trading has seen astounding growth in the last few years. The abrupt growth has resulted in a failure of measurement tools to evaluate the performance. A move from the standard benchmark performance report into an in-depth investigative measurement technique is imminent. A proper measurement system involves three focal points: proper classification of similar algorithms, an accurate cost attribution system and a quantifiable execution quality analysis. Proper classification allows for comparison between multiple algorithms with similar intent. Accurate cost attribution is crucial in determining the impact of the algorithm{\textquoteright}s executions. A quantifiable execution analysis gives color into the propensities of the algorithm and logic on which it is built.}, URL = {https://guides.pm-research.com/content/2007/1/35}, eprint = {https://guides.pm-research.com/content/2007/1/35.full.pdf}, journal = {Trading} }