The visualization of the dynamics of the empirical liquidity cost function (for the Brent futures contracts)

<p>The dynamics of the <strong>empirical liquidity cost function</strong> for a futures contract for Brent oil is presented. The top panel shows the empirical liquidity cost function. The bottom panel shows the dynamics of the average price of a futures contract. The time interval between each value is 5 seconds. Visualization is performed in accelerated mode.</p>