FxPro Execution Statistics Shows Positive Slippage Shrinks in Q3

Keeping in line with its transparency policy and commitment to disclose trade execution metrics on a quarterly basis, FxPro has just announced its statistics for the third quarter of 2016. The multi-asset retail brokerage reported positive, negative and at-quote execution data, including the percentage of re-quotes from among the trades it executed for the months of July, August, and September 2016.

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The results disclose Slippage Slippage In financial trading, slippage refers to the difference in price between the price an order was intended or expected to be filled and the actual price an order was filled. Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. For example, in forex trading, if a trader places a trade intending to enter a buy on the EUR/USD at 1.1080, but they only get into the market at a price In financial trading, slippage refers to the difference in price between the price an order was intended or expected to be filled and the actual price an order was filled. Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. For example, in forex trading, if a trader places a trade intending to enter a buy on the EUR/USD at 1.1080, but they only get into the market at a price Read this Term percentages and related price improvements that were either favorable, unfavorable or neutral to traders, as the price of underlying markets can change during a trade submission and cause the execution rate to vary from the requested rate, based on brokers’ trade policies and execution methods.

According to a report posted on its website, positive slippage totaled 36.23% during Q3 2016, which indicates that traders received better than expected prices nearly a third of the time, whereas the percentage of negative slippage was 27.81% of the totals. In addition, the company disclosed that 35.96% of the trades executed during Q3 2016 were at the prices that were originally quoted.

Compared to the prior reported quarter, which was Q2 2016 as detailed by Finance Magnates in August, the number of trades executed at a better price than requested – or positive slippage – was 49.45%, nearly half of the time, whereas the negative slippage percentage was just over a fifth of the totals, yielding a figure of 20.40% during Q2 2016.

Looking at the latest tranche of data, the percentage of orders that were requoted registered a marginal uptick to 4.26%, compared to 4.17% during in the second quarter, including 1.99% of requoted price as positive, whereas the remaining 2.27% was negative or prices that were worse than requested.

For more than a year now, FxPro keeps its initiative to publish quarterly key statistics relating to its standards of service in a bid to increase transparency in the FX industry on the whole.

FxPro’s competitors such as Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term.com and FXCM also publish their order execution statistics on a periodic basis. Earlier in August, Finance Magnates reported on FXCM when the multi-asset broker published its own “Quality of Execution Study” looking into the quality of the retail orders execution for its clients compared with the futures and interbank markets. The report claims that FXCM’s retail order execution is better than if the same orders were executed on the futures market or the interbank forex market, hence it offers better prices for its clients.