Interbank FX's January 2011 performance metrics – 99.9% execution rate
I just confirmed this with Interbank FX themselves as I wondered whether 99.9% execution rate relates to ALL deals sent
I just confirmed this with Interbank FX themselves as I wondered whether 99.9% execution rate relates to ALL deals sent by clients or just to those accepted and then later on rejected by liquidity providers. The number is apparently for ALL requests. You can see that yourself by going to their performance page (link below) and hovering over the question mark next to Execution Rates. Well done IBFX.
Interbank FX LLC, one of the industry’s leading global providers of online forex trading, continues to provide customers with transparency metrics in 2011, further signifying a commitment to providing the best trading experience for customers and partners. Execution success data is rarely made public in the forex industry, yet IBFX’s performance statistics for January 2011 unveil that execution rates have averaged 99.9%—with an overall rejection rate of 0.1%.
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“IBFX is an open book via our performance page,” said Todd Crosland, chairman and president of Interbank FX. “We feel confident that our technology surpasses our competition, which is why we open up the hood of our engine. With IBFX, weekly rejection rates are displayed frequently so traders can objectively analyze the rejection rates and determine their best outcome.”
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Interbank FX’s Transparency Metrics—January 2011
- Number of January Tickets: 7,135,859
- Overall Rejection Rate: 0.1%
- 5-50 Lot Rejection Rate: 0.3%
- Average Execution Time: 7.16 milliseconds
*Date range of data comprised from 1/1/11 through 1/31/11.
“Our performance page demonstrates the agility and speed of our Core infrastructure—technology in which we’ve invested millions of dollars in to deliver a streamlined trading experience,” said Crosland. “Our customer’s deserve to know how their trade is executed, which is why we provide information on all major pairs over any period of time—allowing customers to always be aware of a trade’s execution rate, trade speed and the average spread (price) for each currency pair.”
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This execution rate is only because you will get filled at any price. So when the price on euro is 1.3711/13, and you want to buy and the prices changes during that time, you will get a different price. With traditional brokers you will get “off-quote” generating a rejection trade. That IBFX has this high execution rate isn’t that suprising if you will get filled at any price.
This execution rate is only because you will get filled at any price. So when the price on euro is 1.3711/13, and you want to buy and the prices changes during that time, you will get a different price. With traditional brokers you will get “off-quote” generating a rejection trade. That IBFX has this high execution rate isn’t that suprising if you will get filled at any price.
I agree with David the problem with all MT4 brokers that they using Boston Tech. Plug-ins which give them a lot of harmful features like slippage, Delaying and rejections.
But honestly i need to say that Interbank one of the best MT4 Brokers. They have a solid and stable infrastructure
Regards
I agree with David the problem with all MT4 brokers that they using Boston Tech. Plug-ins which give them a lot of harmful features like slippage, Delaying and rejections.
But honestly i need to say that Interbank one of the best MT4 Brokers. They have a solid and stable infrastructure
Regards
Interesting approach to give Gain’s IPO data as a reference for what they claim is poor execution.
I also have to say that the market orders on MT4 are fill-or-kill so it’s impossible to get such a low level of rejections unless you are baking in the slippage for people.
— Asaf.
Interesting approach to give Gain’s IPO data as a reference for what they claim is poor execution.
I also have to say that the market orders on MT4 are fill-or-kill so it’s impossible to get such a low level of rejections unless you are baking in the slippage for people.
— Asaf.
Hi guys, to clarify: We executed 99.9% of all orders – giving our customers a 0.1% rejection rate. Of the executed orders 99.08% received no slippage and only 0.92% had slippage.
Hi guys, to clarify: We executed 99.9% of all orders – giving our customers a 0.1% rejection rate. Of the executed orders 99.08% received no slippage and only 0.92% had slippage.
This number is not easy for us to get to and we’ve got the team focused on expanding our multibank liquidity engine even further. But, with an average execution time of 7.16 MS you can bet your fill won’t slip much. And remember, 99.08% of executed orders have no slippage.
This number is not easy for us to get to and we’ve got the team focused on expanding our multibank liquidity engine even further. But, with an average execution time of 7.16 MS you can bet your fill won’t slip much. And remember, 99.08% of executed orders have no slippage.
I have to say that this is completely impossible and its too bad IBFX choose to provide meaningless and wrong information. I’ts impossible to get 7ms execution time as it take more than 200ms on average to get from the MT4 client terminal where the trader executed the trade to the MT4 back end and from there to the bank (if there is a bank at the other end) Retail forex trading is not a fair game as banks get what’s called “last look” which means that they can reject orders even if they quoted the prices so the only… Read more »
I have to say that this is completely impossible and its too bad IBFX choose to provide meaningless and wrong information. I’ts impossible to get 7ms execution time as it take more than 200ms on average to get from the MT4 client terminal where the trader executed the trade to the MT4 back end and from there to the bank (if there is a bank at the other end) Retail forex trading is not a fair game as banks get what’s called “last look” which means that they can reject orders even if they quoted the prices so the only… Read more »
This totally makes sense to me. My orders were the 0.92%.
This totally makes sense to me. My orders were the 0.92%.