One of the top 15 retail brokers by monthly volume outside of Japan, FxPro has revealed its slippage and re-quote statistics for the third quarter of 2015. The broker began undertaking this increased transparency effort in April of this year.
The efforts of FxPro in the execution department appear to be paying off rather well for the company’s clients. The number of trades executed with negative slippage has dropped to 17 per cent, which is down from the 20.7 per cent announced in the second quarter.
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Looking at the rest of the picture, the orders executed with positive slippage increased to 43.4 per cent, while ‘at quote’ execution has risen to 39.6 per cent.
During the months of July, August and September, the number of re-quotes has dropped by 4.5 per cent. Amongst those, 2.8 per cent were negative and 1.7 per cent were positive. The total figure dropped by 0.8 per cent when compared to the second quarter of this year.
Commenting on the announcement, the CEO of FxPro, Charalambos Psimolophitis, said: “Though there was increased market volatility during the third quarter of 2015, we have managed to register these promising figures that reveal slippage symmetry and testify to our advanced execution and order-matching technologies.”