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Glossary
TGlossary

Time-Weighted Average Price (TWAP)

An asset’s time-weighted average price (TWAP) is the measure of an asset’s average price over a predetermined period of time.

An asset’s time-weighted average price (TWAP) is the measure of an asset’s average price over a predetermined period of time. TWAP can be calculated for any specified time duration. TWAP trading algorithms seek to optimize a trade’s average price while executing over a specified time period. This is generally used to execute large orders that are expected to have significant market impact.

Related Terms
Volume-Weighted Average Price (VWAP)SlippageLiquidity

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