FxPro Sees Reduced Negative Slippage in Q2, Improves Re-Quotes Rates

Multi-asset retail brokerage FxPro brand has published its monthly Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term statistics for the Q2 2016, which encompassed a wide range of at-quote execution data, including the percentage of re-quotes from among the trades it executed over the previous quarter.

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During Q2, FxPro disclosed its overall 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 characterized as favorable, unfavorable or neutral to traders – given fluctuations in the prices in underlying markets, this figure can change during a trade submission thereby causing the execution rate to vary from its requested rate.

In particular, positive slippage came in at 49.45% during Q2 2016, up from 46.93% in Q1 2016, which constitutes a rise of 5.4% QoQ. These results indicated that traders received better than expected prices almost half of the time.

Negative Slippage on the Decline QoQ

By extension, negative slippage yielded a figure of 20.40% during Q2 2016, down from 21.26% in Q1 2016 or -4.0% QoQ, suggesting that only a small portion of traders received worse prices. Lastly, FXPro reported that 30.15% of trades executed during Q2 2016 were the same as originally quoted, compared with 31.81% in Q1 2016, or -5.2% QoQ.

Looking at the latest tranche of data, FxPro also reported that its re-quote percentage was 4.17% during Q2 2016. Moreover, the brokerage disclosed a positive percentage of 1.9% and a negative percentage at 2.27% during Q2 2016.