USING BENCHMARKS CAN CREATE INCENTIVES FOR TRADERS TO TIME THEIR OR...

3. - L3 MOCK SAMPLE EXAM CFA LEVEL III GUIDELINE ANSWERS 2006
L3 MOCK SAMPLE EXAM CFA LEVEL III GUIDELINE ANSWERS 2006
3. Using benchmarks can create incentives for traders to time their orders with respect to the benchmark, a practice that can lead to higher trading costs.