FXCM Reports Spreads, Execution Quality Metrics for July 2018
- All in all, the company says over 89% of all client orders received positive or zero slippage.
FXCM Group has released a comprehensive execution quality report for the one-month period ending on July 31, 2018. The company also published spreads statics for the first half, detailing average spreads throughout the six months to July on its trading accounts.
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 is the difference between the quoted prices and those at which the client’s orders have been executed by the broker. The less slippage the trader gets, the better his trading results will be.
According to figures stated in the report, the average spreads on the EUR/USD, USD/JPY, AUD/JPY and AUD/USD currency pairs were 0.2, 0.2, 0.6 and 0.3 pips respectively. For the SPX500, one of the most widely traded CFDs on indices, the company averaged 0.3 pip .
FXCM has also advertised its price improvements/slippage statics during H! 2018 which showed the following highlights.
- 63.91% of all orders received no slippage
- 25.86% of all orders received positive slippage.
- 10.24% of all orders received negative slippage.
- 63.94% of all limit and limit entry orders received positive slippage.
- 42.72% of all stop and stop entry orders received negative slippage.
All in all, over 89% of all orders received positive or zero slippage.
Additionally, the online brokerage has disclosed its Effective Spread statics, which displays its quoted spread for its top FX pairs, and compares the figures with actual spreads, at which trades were already filled, with the difference being displayed in a table key.
The following table shows the exact figures in July 2018:
Commenting on the findings, Brendan Callan, CEO of FXCM Group, said: “In an effort to provide more customer focused metrics, FXCM will publish 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 like speed of execution, slippage data, spreads and effective spreads. While the press release will highlight only a few pairs, we publish full statistics for all the instruments offered on our website which can be viewed at any time.”
FXCM Group has released a comprehensive execution quality report for the one-month period ending on July 31, 2018. The company also published spreads statics for the first half, detailing average spreads throughout the six months to July on its trading accounts.
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 is the difference between the quoted prices and those at which the client’s orders have been executed by the broker. The less slippage the trader gets, the better his trading results will be.
According to figures stated in the report, the average spreads on the EUR/USD, USD/JPY, AUD/JPY and AUD/USD currency pairs were 0.2, 0.2, 0.6 and 0.3 pips respectively. For the SPX500, one of the most widely traded CFDs on indices, the company averaged 0.3 pip .
FXCM has also advertised its price improvements/slippage statics during H! 2018 which showed the following highlights.
- 63.91% of all orders received no slippage
- 25.86% of all orders received positive slippage.
- 10.24% of all orders received negative slippage.
- 63.94% of all limit and limit entry orders received positive slippage.
- 42.72% of all stop and stop entry orders received negative slippage.
All in all, over 89% of all orders received positive or zero slippage.
Additionally, the online brokerage has disclosed its Effective Spread statics, which displays its quoted spread for its top FX pairs, and compares the figures with actual spreads, at which trades were already filled, with the difference being displayed in a table key.
The following table shows the exact figures in July 2018:
Commenting on the findings, Brendan Callan, CEO of FXCM Group, said: “In an effort to provide more customer focused metrics, FXCM will publish 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 like speed of execution, slippage data, spreads and effective spreads. While the press release will highlight only a few pairs, we publish full statistics for all the instruments offered on our website which can be viewed at any time.”