The often derided volume weighted average price (VWAP) was also a central benchmark at over 65 percent.

FORBES: When Total Cost Analysis (TCA) Breaks Down

Using mid-quote prices for point-in-time benchmarks garnered support from 65 percent and using Bloomberg unadjusted AQR as a basis for measuring VWAP won the support of 63 percent of respondents.

FORBES: When Total Cost Analysis (TCA) Breaks Down