FxPro Reports Slippage and Re-Quotes Stats for Second Quarter
- The brokerage introduced a transparency initiative last quarter to inform its clients about order execution statistics
Foreign exchange and CFDs broker FxPro has continued reporting slippage and re-quoting statistics, an initiative which the company started at the end of the first quarter. According to the data published by the company the figures have changed materially.
For the months of April, May and June, 44.9 percent of FxPro's customers got their orders executed with positive slippage, a number which is much higher than the 26 percent announced in the first quarter.
The number of trades executed “at quote” remained more or less consistent at 34.4 percent, which is a touch lower than the 36 percent reported in Q1. A total of 20.7 percent of the customers’ orders got executed with a negative slippage, which is lower than the 28 percent reported in April.
Moving on to re-quotes the broker reported that the amount of re-quoted orders increased a full percentage point to 5.3 percent. From those 2.4 percent were impacted positively, while 2.9 percent were negatively affected.
FxPro is currently operating with a Hybrid Agency Model - the firm is executing orders in a no dealing desk intervention environment, with access to tier one Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term from major banks, however the firm’s algorithmic matching engine is also allowing for internal netting of long and short positions of the broker's clients.
In this way the FCA and CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term regulated broker eliminates any conflicts of interest between the company and its clients.
Foreign exchange and CFDs broker FxPro has continued reporting slippage and re-quoting statistics, an initiative which the company started at the end of the first quarter. According to the data published by the company the figures have changed materially.
For the months of April, May and June, 44.9 percent of FxPro's customers got their orders executed with positive slippage, a number which is much higher than the 26 percent announced in the first quarter.
The number of trades executed “at quote” remained more or less consistent at 34.4 percent, which is a touch lower than the 36 percent reported in Q1. A total of 20.7 percent of the customers’ orders got executed with a negative slippage, which is lower than the 28 percent reported in April.
Moving on to re-quotes the broker reported that the amount of re-quoted orders increased a full percentage point to 5.3 percent. From those 2.4 percent were impacted positively, while 2.9 percent were negatively affected.
FxPro is currently operating with a Hybrid Agency Model - the firm is executing orders in a no dealing desk intervention environment, with access to tier one Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term from major banks, however the firm’s algorithmic matching engine is also allowing for internal netting of long and short positions of the broker's clients.
In this way the FCA and CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term regulated broker eliminates any conflicts of interest between the company and its clients.