Brokers News

FxPro announces slippage and requotes statistics for Q4 2015

Keeping in line with its transparency policy, UK-based broker FxPro has reported its slippage and re-quote statistics for the fourth quarter of 2015, ending December 31.


For Q4 2015, FxPro’s orders executed with negative slippage rose to 24.8%, which constitutes a sizable increase from just 17.0% in Q3 2015. This also represents the highest figure at the broker since it started reporting these data, even beating its Q2 figure of 20.7%.


Furthermore, FxPro’s trades executed with positive slippage dove to just 37.5% in Q4 2015, falling from 43.4% back in Q3 2015 – ‘at quote’ execution has also undergone a less pronounced descent to 37.7% in Q4 2015, which retreated from 39.6% in Q3.


During the October-December period, the number re-quotes has also risen to 5.95%, up from 4.5% in Q3 2015. More specifically, 2.99% of these re-quotes were positive in Q4 2015, compared to 1.7% in Q3 2015, while 2.96% were negative in Q4, vs. 2.8% in Q3 2015.

 

Period   Slippage            Re-Quotes  
  Positive Negative At Quote   Re-quotes Positive Negative
Q4 2015 37.5% 24.8% 37.7%   5.95% 2.99% 2.96%
Q3 2015 43.4% 17.0% 2.8%   4.5% 2.8% 1.7%
Q2 2015 44.9% 20.7% 34.4%   5.3% 2.4% 2.9%

 

“Looking at our execution statistics for Q4 alongside the respective metrics for the three previous quarters of 2015, we see consistency and continuous slippage symmetry, with the latest percentages reaffirming the reliable and flawless quality of trade execution that FxPro offers,” commented Charalambos Psimolophitis, FxPro CEO.


Thus, FxPro not only maintains its image as one of the most reliable forex brokers, but also tries to encourage fair trading practices throughout the FX industry.


The broker operates as a Hybrid Agency Model broker, offering Negative Balance Protection and enabling clients to access top-tier liquidity. It offers complete services for all retail forex market segments, as well as trading with futures, indices, metals, shares, and CFDs. FxPro serves both retail and institutional customers in more than 150 countries.


*Slippage & Requotes explained


Both slippage and requotes tend to occur in times of market volatility. In trading, slippage refers to the difference between the price at which the order is placed and the actual price at which the trade is executed. It occurs because there is a slight delay between the moment a trader click the button and the time the broker receives the order. During this time, the price may have changed.


If for example a trader places an order to buy at 1.2150 and it is executed at 1.2147, positive slippage occurs (3 pips in the trader’s pocket). Where his Buy order is executed at 1.2153 (taking away 3 pips from the trader), this is negative slippage.


Requotes occur when a trader is trying to close a trade at a certain price, but the broker returns the request with a different quote, because the price changes between the time the order is sent and the time the broker tried to execute it.

 

TAGS: fxpro  slippage  requotes  execution 

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