Multi-asset retail brokerage FxPro brand has published its monthly execution 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.
During Q2, FxPro disclosed its overall slippage 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.
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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.