Order driven execution statistics

Derive the value of potential price improvements on every trade. Assume greater control of your trading and achieve an optimal balance between fill ratio and price level through our fully customised orders.

To learn more about how Saxo executes orders on behalf of its clients, please refer to our Order Execution Policy.

As a way to demonstrate its commitment to increased transparency and delivery of fair outcomes to clients, Saxo Bank Schweiz has taken the initiative to publish it's FX order execution statistics to help clients evaluate execution quality when considering their best choice of trading provider.

We are proud that these statistics illustrate that Saxo Bank Schweiz’s interests are aligned with our clients in providing quality execution with significant price improvement and no asymmetric slippage.

The tables below show the following execution statistics published on a monthly basis, for Saxo Bank Schweiz’s most traded FX spot currency pairs:

Limit IOC Order Statistics
Limit IOC Order Average Improvement, by price tolerance setting
Limit IOC Order Fill Rate, by price tolerance setting
Limit IOC Order Execution Speed
Market Order Statistics
Market Order Execution Speed
Resting Stop Order Statistics
Resting Limit Order Statistics

Limit IOC Order Statistics

Currency Pair	Positive Slippage*	Zero Slippage*	Negative Slippage*	Average Net Slippage (pips)*	Fill Rate***
AUDUSD	23.9%	55.6%	20.5%	0.0	97.8%
EURGBP	22.3%	56.5%	21.2%	0.0	99.9%
EURJPY	38.0%	27.9%	34.1%	0.0	97.2%
EURUSD	28.0%	48.8%	23.1%	0.0	99.8%
GBPJPY	41.8%	24.3%	33.9%	0.0	95.4%
GBPUSD	30.6%	42.9%	26.5%	0.0	99.5%
NZDUSD	22.9%	57.6%	19.5%	0.0	98.3%
USDCAD	23.5%	54.0%	22.6%	0.0	99.8%
USDCHF	22.6%	57.6%	19.8%	0.0	97.4%
USDJPY	35.0%	36.1%	28.9%	0.0	96.7%
XAGUSD	34.6%	37.2%	28.1%	2.7	96.6%
XAUUSD	42.4%	21.3%	36.3%	0.7	99.1%

* Calculated from the indicative market price available in the client Quick Trade window at the time of order placement
** On Limit IOC orders with default price tolerance of 0.01% and above.

Limit IOC Order Average Improvement *, by price tolerance setting

Currency Pair	0.0 pips*	0.1 – 0.2 pips*	0.3 – 0.6 pips*	0.7 – 1.0 pips*	> 1.1 pips*
AUDUSD	0.1	0.2	0.6	0.7	4.1
EURGBP	0.0	0.2	0.4	0.8	3.3
EURJPY	0.3	0.3	0.7	0.8	2.2
EURUSD	0.1	0.2	0.4	1.0	8.0
GBPJPY	0.4	0.0	0.0	0.9	3.4
GBPUSD	0.1	0.2	0.5	1.0	6.7
NZDUSD	0.1	0.2	0.6	0.0	3.1
USDCAD	0.1	0.0	0.3	1.0	3.2
USDCHF	0.1	0.2	0.4	0.9	3.1
USDJPY	0.2	0.2	0.5	1.0	4.8
	0.0 pips*	1 - 10 pips*	11 - 25 pips*	25- 50 pips*	> 51 pips*
XAGUSD	13.5	11.3	0.0	35.7	161.1
	0.0 pips*	1 - 10 pips*	11 - 20 pips*	21- 30 pips*	> 31 pips*
XAUUSD	5.8	12.0	0.0	26.7	127.6

* Calculated from the Limit IOC order level
Note: A hyphen (-) indicates that there were no trade attempts from clients using a Limit IOC order in this currency pair with this price tolerance.

Limit IOC Order Fill Rate, by price tolerance setting

Currency Pair	0.0 pips	=< 0.2 pips	=< 0.6 pips	=< 1.0 pips	All
AUDUSD	76.3%	77.0%	86.8%	91.7%	93.6%
EURGBP	53.6%	54.2%	59.3%	96.7%	97.8%
EURJPY	48.4%	60.8%	59.3%	59.3%	90.3%
EURUSD	87.3%	87.6%	87.7%	93.0%	97.8%
GBPJPY	58.9%	58.9%	58.5%	59.6%	89.6%
GBPUSD	68.2%	69.0%	70.1%	75.2%	95.0%
NZDUSD	79.1%	79.7%	94.1%	94.1%	94.7%
USDCAD	76.3%	76.3%	82.6%	82.9%	97.6%
USDCHF	54.4%	55.5%	57.1%	89.0%	90.5%
USDJPY	55.1%	54.8%	54.3%	54.3%	89.1%
	0.0 pips	=< 10 pips	=< 25 pips	=< 50 pips	All
XAGUSD	53.4%	53.7%	53.7%	79.6%	92.1%
	0.0 pips	=< 10 pips	=< 20 pips	=< 30 pips	All
XAUUSD	54.6%	55.5%	55.5%	76.7%	94.0%

Limit IOC Order Execution Speed

Time in Milliseconds	Fill Rate
< 50	97.1%
< 100	99.4%
< 250	99.9%
< 500	99.9%
< 1000	100.0%
Average execution speed in milliseconds	16

Market Order Statistics

Currency Pair	Price Improvement	Zero Slippage	Negative Slippage	Average Net Improvement*	Fill Rate
AUDUSD	24.0%	51.7%	24.3%	0.0	100.0%
EURGBP	23.7%	56.1%	20.2%	0.0	100.0%
EURJPY	37.8%	25.6%	36.6%	0.0	100.0%
EURUSD	27.3%	43.9%	28.7%	0.0	100.0%
GBPJPY	36.6%	24.4%	39.0%	0.0	100.0%
GBPUSD	28.0%	41.5%	30.5%	0.0	100.0%
NZDUSD	23.1%	58.5%	18.4%	0.0	100.0%
USDCAD	22.4%	52.8%	24.7%	0.0	100.0%
USDCHF	23.6%	55.8%	20.6%	0.0	100.0%
USDJPY	32.4%	33.4%	34.1%	0.0	100.0%
XAGUSD	31.6%	35.4%	33.0%	-0.7	100.0%
XAUUSD	39.1%	21.2%	39.7%	-0.3	100.0%

* Average improvement based on all market orders. Calculated from the indicative market price.

Market Order Execution Speed

Time in milliseconds	Fill Rate
< 50	98.2%
< 100	99.8%
< 250	100.0%
< 500	100.0%
< 1000	100.0%
Average execution speed in milliseconds	13

Resting Stop Order Statistics

Currency Pair	No Slippage	Negative Slippage	Average Negative Slippage (pips)*	Average Net Slippage (pips)**
AUDUSD	84.4%	15.6%	0.6	0.1
EURGBP	91.9%	8.1%	0.2	0.0
EURJPY	66.6%	33.4%	0.3	0.1
EURUSD	84.0%	16.0%	0.4	0.1
GBPJPY	49.2%	50.8%	0.3	0.1
GBPUSD	71.2%	28.8%	0.4	0.1
NZDUSD	86.5%	13.5%	0.4	0.0
USDCAD	83.6%	16.4%	4.8	0.8
USDCHF	79.1%	20.9%	0.4	0.1
USDJPY	77.6%	22.4%	0.2	0.0
XAGUSD	12.9%	87.1%	14.3	12.4
XAUUSD	36.9%	63.1%	4.4	2.7

* Average slippage based on stop orders that were slipped. Calculated from the stop order level, adjusted for the bid/ask spread at the time of triggering.
** Average slippage based on all stop orders. Calculated from the stop order level, adjusted for the bid/ask spread at the time of triggering.

Resting Limit Order Statistics

Currency Pair	Price Improvement	Zero Slippage	Average Price Improvement (pips)*	Average Net Price Improvement (pips)**
AUDUSD	16.8%	83.2%	0.5	0.1
EURGBP	16.0%	84.0%	0.5	0.1
EURJPY	39.7%	60.3%	0.3	0.1
EURUSD	20.3%	79.7%	0.3	0.1
GBPJPY	51.2%	48.8%	0.3	0.2
GBPUSD	29.0%	71.0%	0.4	0.1
NZDUSD	17.4%	82.6%	0.2	0.0
USDCAD	19.7%	80.3%	0.3	0.1
USDCHF	26.7%	73.3%	0.5	0.1
USDJPY	24.1%	75.9%	0.3	0.1
XAGUSD	88.8%	11.2%	16.9	15.0
XAUUSD	62.7%	37.3%	3.9	2.4

* Average improvement based on limit orders that were Improvement.
** Average improvement based on all limit orders. Calculated from the limit order level.

Limit IOC Order Statistics

Currency Pair	Positive Slippage*	Zero Slippage*	Negative Slippage*	Average Net Slippage (pips)*	Fill Rate***
AUDUSD	24.1%	56.9%	19.0%	0.0	98.0%
EURGBP	19.0%	62.7%	18.4%	0.0	99.9%
EURJPY	37.6%	32.4%	29.9%	0.0	96.7%
EURUSD	23.1%	55.9%	20.9%	0.0	99.7%
GBPJPY	42.2%	26.5%	31.3%	0.1	95.6%
GBPUSD	27.8%	47.6%	24.6%	0.0	99.6%
NZDUSD	19.6%	62.3%	18.1%	0.0	98.9%
USDCAD	21.7%	60.2%	18.1%	0.0	99.7%
USDCHF	21.7%	60.0%	18.4%	0.0	97.5%
USDJPY	33.5%	37.5%	29.1%	0.0	96.4%
XAGUSD	38.4%	32.5%	29.1%	5.2	97.5%
XAUUSD	41.2%	22.6%	36.2%	0.5	99.0%

* Calculated from the indicative market price available in the client Quick Trade window at the time of order placement.
** On Limit IOC orders with default price tolerance of 0.01% and above.

Limit IOC Order Average Improvement *, by price tolerance setting

Currency Pair	0.0 pips*	0.1 – 0.2 pips*	0.3 – 0.6 pips*	0.7 – 1.0 pips*	> 1.1 pips*
AUDUSD	0.1	0.2	0.3	0.7	3.9
EURGBP	0.0	0.1	0.5	0.8	1.9
EURJPY	0.2	0.0	0.5	1.1	2.6
EURUSD	0.1	0.2	0.2	1.0	10.7
GBPJPY	0.3	0.0	0.2	1.2	2.5
GBPUSD	0.1	0.2	0.5	0.0	28.3
NZDUSD	0.0	0.2	0.6	0.0	4.9
USDCAD	0.0	0.2	0.3	0.0	3.4
USDCHF	0.0	0.2	0.5	0.9	6.4
USDJPY	0.2	0.4	0.5	1.0	5.8
	0.0 pips*	1 - 10 pips*	11 - 25 pips*	25- 50 pips*	> 51 pips*
XAGUSD	15.8	0.0	0.0	41.7	208.7
	0.0 pips*	1 - 10 pips*	11 - 20 pips*	21- 30 pips*	> 31 pips*
XAUUSD	5.5	11.8	0.0	27.0	138.8

* Calculated from the Limit IOC order level.
Note: A hyphen (-) indicates that there were no trade attempts from clients using a Limit IOC order in this currency pair with this price tolerance.

Limit IOC Order Fill Rate, by price tolerance setting

Currency Pair	0.0 pips	=< 0.2 pips	=< 0.6 pips	=< 1.0 pips	All
AUDUSD	73.0%	73.4%	71.5%	92.3%	94.0%
EURGBP	68.0%	68.9%	73.4%	97.0%	98.1%
EURJPY	54.5%	54.5%	59.9%	60.2%	88.9%
EURUSD	80.8%	81.2%	81.1%	81.2%	97.0%
GBPJPY	70.7%	70.7%	70.4%	70.9%	90.5%
GBPUSD	71.3%	71.7%	72.6%	72.6%	95.9%
NZDUSD	79.8%	80.2%	95.6%	95.6%	96.1%
USDCAD	74.1%	74.3%	79.6%	79.6%	96.9%
USDCHF	63.5%	64.2%	64.9%	90.9%	91.2%
USDJPY	55.7%	55.2%	54.8%	55.7%	88.3%
	0.0 pips	=< 10 pips	=< 25 pips	=< 50 pips	All
XAGUSD	67.7%	67.6%	67.6%	81.9%	94.3%
	0.0 pips	=< 10 pips	=< 20 pips	=< 30 pips	All
XAUUSD	51.7%	54.7%	54.7%	78.2%	93.4%

Limit IOC Order Execution Speed

Time in Milliseconds	Fill Rate
< 50	97.1%
< 100	99.6%
< 250	99.9%
< 500	99.9%
< 1000	99.9%
Average execution speed in milliseconds	16

Market Order Statistics

Currency Pair	Price Improvement	Zero Slippage	Negative Slippage	Average Net Improvement*	Fill Rate
AUDUSD	22.7%	54.2%	23.1%	0.0	100.0%
EURGBP	16.3%	63.3%	20.3%	0.0	100.0%
EURJPY	35.4%	31.6%	33.0%	0.0	100.0%
EURUSD	23.4%	53.2%	23.4%	0.0	100.0%
GBPJPY	33.7%	27.0%	39.3%	-0.1	100.0%
GBPUSD	28.1%	44.0%	27.9%	0.0	100.0%
NZDUSD	20.4%	59.1%	20.5%	0.0	100.0%
USDCAD	20.1%	58.0%	21.9%	0.0	100.0%
USDCHF	23.8%	52.2%	24.0%	0.0	100.0%
USDJPY	31.8%	35.2%	33.0%	0.0	100.0%
XAGUSD	33.0%	33.4%	33.5%	-0.5	100.0%
XAUUSD	37.5%	24.1%	38.4%	0.0	100.0%

* Average improvement based on all market orders. Calculated from the indicative market price.

Market Order Execution Speed

Time in milliseconds	Fill Rate
< 50	97.9%
< 100	99.7%
< 250	100.0%
< 500	100.0%
< 1000	100.0%
Average execution speed in milliseconds	14

Resting Stop Order Statistics

Currency Pair	No Slippage	Negative Slippage	Average Negative Slippage (pips)*	Average Net Slippage (pips)**
AUDUSD	74.8%	25.2%	0.4	0.1
EURGBP	91.8%	8.2%	0.2	0.0
EURJPY	61.0%	39.0%	0.3	0.1
EURUSD	75.6%	24.4%	0.3	0.1
GBPJPY	47.6%	52.4%	0.4	0.2
GBPUSD	65.6%	34.4%	0.4	0.1
NZDUSD	77.3%	22.7%	0.5	0.1
USDCAD	86.4%	13.6%	0.5	0.1
USDCHF	67.8%	32.2%	0.8	0.2
USDJPY	73.2%	26.8%	0.4	0.1
XAGUSD	10.2%	89.8%	13.2	11.5
XAUUSD	38.5%	61.5%	5.9	3.6

Resting Limit Order Statistics

Currency Pair	Price Improvement	Zero Slippage	Average Price Improvement (pips)*	Average Net Price Improvement (pips)**
AUDUSD	26.6%	73.4%	0.6	0.2
EURGBP	14.6%	85.4%	0.3	0.0
EURJPY	41.7%	58.3%	0.3	0.1
EURUSD	26.1%	73.9%	0.4	0.1
GBPJPY	51.3%	48.7%	0.4	0.2
GBPUSD	32.9%	67.1%	0.5	0.2
NZDUSD	20.6%	79.4%	0.4	0.1
USDCAD	15.3%	84.7%	0.3	0.0
USDCHF	32.6%	67.4%	0.5	0.2
USDJPY	33.7%	66.3%	0.3	0.1
XAGUSD	88.1%	11.9%	13.9	12.3
XAUUSD	63.2%	36.8%	5.6	3.5

* Average improvement based on limit orders that were Improvement.
** Average improvement based on all limit orders. Calculated from the limit order level.

Limit IOC Order Statistics

Currency Pair	Positive Slippage*	Zero Slippage*	Negative Slippage*	Average Net Slippage (pips)*	Fill Rate***
AUDUSD	23.4%	56.9%	19.7%	0.0	97.7%
EURGBP	16.3%	64.1%	19.6%	0.0	99.9%
EURJPY	38.4%	27.4%	34.2%	0.0	97.7%
EURUSD	26.0%	50.3%	23.7%	0.0	99.7%
GBPJPY	46.9%	20.6%	32.4%	0.1	96.8%
GBPUSD	28.2%	45.9%	25.9%	0.0	99.5%
NZDUSD	22.0%	61.5%	16.4%	0.0	98.1%
USDCAD	23.2%	54.7%	22.1%	0.0	99.8%
USDCHF	25.7%	51.6%	22.8%	0.0	97.9%
USDJPY	36.4%	30.6%	33.0%	0.0	97.7%
XAGUSD	38.1%	35.2%	26.8%	4.9	96.7%
XAUUSD	43.4%	23.4%	33.2%	1.1	98.8%

* Calculated from the indicative market price available in the client Quick Trade window at the time of order placement.
** On Limit IOC orders with default price tolerance of 0.01% and above.

Limit IOC Order Average Improvement *, by price tolerance setting

Currency Pair	0.0 pips*	0.1 – 0.2 pips*	0.3 – 0.6 pips*	0.7 – 1.0 pips*	> 1.1 pips*
AUDUSD	0.1	0.2	0.3	0.7	4.5
EURGBP	0.0	0.0	0.5	0.8	2.8
EURJPY	0.3	0.0	0.6	1.1	2.1
EURUSD	0.1	0.2	0.5	1.0	7.6
GBPJPY	0.4	0.0	0.5	1.0	2.4
GBPUSD	0.1	0.2	0.5	0.0	3.8
NZDUSD	0.1	0.2	0.6	0.0	3.6
USDCAD	0.1	0.2	0.3	0.0	4.0
USDCHF	0.1	0.2	0.5	0.8	5.2
USDJPY	0.3	0.3	0.5	1.0	13.5
	0.0 pips*	1 - 10 pips*	11 - 25 pips*	25- 50 pips*	> 51 pips*
XAGUSD	14.4	24.0	0.0	38.4	470.0
	0.0 pips*	1 - 10 pips*	11 - 20 pips*	21- 30 pips*	> 31 pips*
XAUUSD	5.8	13.0	0.0	26.3	160.7

* Calculated from the Limit IOC order level.
Note: A hyphen (-) indicates that there were no trade attempts from clients using a Limit IOC order in this currency pair with this price tolerance.

Limit IOC Order Fill Rate, by price tolerance setting

Currency Pair	0.0 pips	=< 0.2 pips	=< 0.6 pips	=< 1.0 pips	All
AUDUSD	69.1%	69.7%	67.7%	90.4%	93.2%
EURGBP	47.5%	46.8%	51.5%	95.5%	97.4%
EURJPY	58.6%	58.6%	66.8%	66.9%	92.0%
EURUSD	75.6%	76.0%	76.0%	75.9%	97.0%
GBPJPY	80.7%	80.7%	80.7%	80.7%	93.3%
GBPUSD	65.3%	66.2%	67.1%	67.1%	95.2%
NZDUSD	78.6%	79.3%	93.1%	93.1%	94.1%
USDCAD	75.0%	75.7%	78.4%	78.4%	97.1%
USDCHF	59.2%	59.9%	60.6%	91.7%	92.2%
USDJPY	58.7%	61.5%	61.5%	64.5%	92.2%
	0.0 pips	=< 10 pips	=< 25 pips	=< 50 pips	All
XAGUSD	69.6%	70.2%	70.2%	80.7%	92.7%
	0.0 pips	=< 10 pips	=< 20 pips	=< 30 pips	All
XAUUSD	62.4%	64.4%	64.4%	79.5%	92.4%

Limit IOC Order Execution Speed

Time in Milliseconds	Fill Rate
< 50	98.2%
< 100	99.7%
< 250	99.9%
< 500	99.9%
< 1000	100.0%
Average execution speed in milliseconds	14

Market Order Statistics

Currency Pair	Price Improvement	Zero Slippage	Negative Slippage	Average Net Improvement*	Fill Rate
AUDUSD	23.8%	54.8%	21.3%	0.0	100.0%
EURGBP	22.5%	60.6%	16.9%	0.0	100.0%
EURJPY	37.0%	25.9%	37.0%	0.0	100.0%
EURUSD	25.3%	48.6%	26.1%	0.0	100.0%
GBPJPY	38.3%	20.8%	40.9%	0.0	100.0%
GBPUSD	27.6%	44.4%	28.0%	0.0	100.0%
NZDUSD	24.1%	54.9%	21.0%	0.0	100.0%
USDCAD	25.0%	52.1%	22.9%	0.0	100.0%
USDCHF	24.7%	48.1%	27.3%	0.0	100.0%
USDJPY	36.6%	26.5%	36.8%	0.0	100.0%
XAGUSD	34.1%	32.9%	33.0%	-0.3	100.0%
XAUUSD	39.0%	23.8%	37.3%	-0.1	100.0%

* Average improvement based on all market orders. Calculated from the indicative market price.

Market Order Execution Speed

Time in milliseconds	Fill Rate
< 50	98.5%
< 100	99.9%
< 250	100.0%
< 500	100.0%
< 1000	100.0%
Average execution speed in milliseconds	13

Resting Stop Order Statistics

Currency Pair	No Slippage	Negative Slippage	Average Negative Slippage (pips)*	Average Net Slippage (pips)**
AUDUSD	82.1%	17.9%	0.2	0.0
EURGBP	86.6%	13.4%	0.5	0.1
EURJPY	54.2%	45.8%	0.3	-0.1
EURUSD	78.8%	21.2%	0.3	0.1
GBPJPY	44.9%	55.1%	0.3	0.2
GBPUSD	71.6%	28.4%	0.3	0.1
NZDUSD	77.8%	22.2%	0.3	0.0
USDCAD	85.8%	14.2%	0.8	0.1
USDCHF	72.4%	27.6%	0.3	0.1
USDJPY	71.5%	28.5%	0.4	0.1
XAGUSD	10.7%	89.3%	10.7	9.3
XAUUSD	37.7%	62.3%	4.5	2.7

Resting Limit Order Statistics

Currency Pair	Price Improvement	Zero Slippage	Average Price Improvement (pips)*	Average Net Price Improvement (pips)**
AUDUSD	22.7%	77.3%	0.4	0.1
EURGBP	12.4%	87.6%	0.8	0.1
EURJPY	46.3%	53.7%	0.4	0.2
EURUSD	21.6%	78.4%	0.4	0.1
GBPJPY	60.3%	39.7%	0.6	0.4
GBPUSD	29.6%	70.4%	0.4	0.1
NZDUSD	25.1%	74.9%	0.5	0.1
USDCAD	19.0%	81.0%	0.8	0.2
USDCHF	29.2%	70.8%	0.5	0.2
USDJPY	36.3%	63.7%	0.4	0.1
XAGUSD	86.0%	14.0%	10.2	8.8
XAUUSD	60.2%	39.8%	4.6	2.8

* Average improvement based on limit orders that were Improvement.
** Average improvement based on all limit orders. Calculated from the limit order level.

Limit IOC Order Statistics

Currency Pair	Positive Slippage*	Zero Slippage*	Negative Slippage*	Average Net Slippage (pips)*	Fill Rate**
AUDUSD	23.9%	55.6%	20.5%	0.0	98.2%
EURGBP	19.4%	62.4%	18.3%	0.0	99.9%
EURJPY	40.7%	26.5%	32.7%	0.1	97.8%
EURUSD	24.8%	53.3%	21.9%	0.0	99.7%
GBPJPY	43.1%	20.6%	36.4%	0.1	97.2%
GBPUSD	24.6%	54.7%	20.7%	0.0	99.6%
NZDUSD	20.4%	63.5%	16.1%	0.0	98.8%
USDCAD	23.1%	55.3%	21.6%	0.0	99.8%
USDCHF	25.5%	53.9%	20.7%	0.0	98.4%
USDJPY	37.3%	29.7%	33.0%	0.0	98.0%
XAGUSD	33.7%	40.3%	26.0%	3.3	96.0%
XAUUSD	41.3%	25.3%	33.4%	0.9	98.8%

* Calculated from the indicative market price available in the client Quick Trade window at the time of order placement.
** On Limit IOC orders with default price tolerance of 0.01% and above.

Limit IOC Order Average Improvement *, by price tolerance setting

Currency Pair	0.0 pips*	0.1 – 0.2 pips*	0.3 – 0.6 pips*	0.7 – 1.0 pips*	> 1.1 pips*
AUDUSD	0.1	0.2	0.6	0.7	12.0
EURGBP	0.0	0.2	0.5	0.9	2.1
EURJPY	0.3	0.0	0.6	1.1	2.3
EURUSD	0.1	0.2	0.4	1.0	5.7
GBPJPY	0.4	0.0	0.7	0.0	3.5
GBPUSD	0.1	0.2	0.5	1.0	2.5
NZDUSD	0.0	0.2	0.6	0.0	4.3
USDCAD	0.0	0.2	0.3	0.0	4.3
USDCHF	0.1	0.2	0.5	0.9	2.6
USDJPY	0.3	0.3	0.7	1.0	15.1
	0.0 pips*	1 - 10 pips*	11 - 25 pips*	25- 50 pips*	> 51 pips*
XAGUSD	12.7	19.0	0.0	33.0	156.0
	0.0 pips*	1 - 10 pips*	11 - 20 pips*	21- 30 pips*	> 31 pips*
XAUUSD	5.0	11.2	22.0	25.3	269.3

* Calculated from the Limit IOC order level.
Note: A hyphen (-) indicates that there were no trade attempts from clients using a Limit IOC order in this currency pair with this price tolerance.

Limit IOC Order Fill Rate, by price tolerance setting

Currency Pair	0.0 pips	=< 0.2 pips	=< 0.6 pips	=< 1.0 pips	All
AUDUSD	73.1%	73.3%	80.4%	93.2%	94.4%
EURGBP	68.6%	68.3%	71.3%	97.2%	97.9%
EURJPY	60.0%	60.0%	65.6%	66.3%	92.2%
EURUSD	75.4%	76.0%	76.1%	76.1%	96.9%
GBPJPY	59.2%	59.2%	62.0%	62.0%	93.4%
GBPUSD	77.0%	77.3%	77.7%	78.6%	95.9%
NZDUSD	83.2%	83.7%	95.4%	95.4%	95.9%
USDCAD	76.6%	76.8%	77.3%	77.3%	97.4%
USDCHF	69.9%	70.6%	71.9%	93.6%	94.1%
USDJPY	60.3%	61.0%	61.9%	66.0%	93.1%
	0.0 pips	=< 10 pips	=< 25 pips	=< 50 pips	All
XAGUSD	63.9%	64.0%	64.0%	77.6%	91.2%
	0.0 pips	=< 10 pips	=< 20 pips	=< 30 pips	All
XAUUSD	59.1%	60.7%	60.7%	78.0%	92.2%

Limit IOC Order Execution Speed

Time in Milliseconds	Fill Rate
< 50	98.4%
< 100	99.7%
< 250	99.9%
< 500	99.9%
< 1000	100.0%
Average execution speed in milliseconds	14

Market Order Statistics

Currency Pair	Price Improvement	Zero Slippage	Negative Slippage	Average Net Improvement*	Fill Rate
AUDUSD	20.5%	58.8%	20.7%	0.0	100.0%
EURGBP	19.3%	61.7%	19.0%	0.0	100.0%
EURJPY	32.4%	36.6%	31.0%	0.0	100.0%
EURUSD	20.2%	58.6%	21.2%	0.0	100.0%
GBPJPY	34.2%	32.8%	33.0%	0.0	100.0%
GBPUSD	21.2%	56.3%	22.5%	0.0	100.0%
NZDUSD	19.1%	63.0%	18.0%	0.0	100.0%
USDCAD	21.7%	59.2%	19.1%	0.0	100.0%
USDCHF	19.1%	62.2%	18.7%	0.0	100.0%
USDJPY	32.3%	33.7%	34.1%	0.0	100.0%
XAGUSD	29.7%	39.1%	31.3%	-0.2	100.0%
XAUUSD	35.3%	30.0%	34.8%	0.0	100.0%

* Average improvement based on all market orders. Calculated from the indicative market price.

Market Order Execution Speed

Time in milliseconds	Fill Rate
< 50	98.4%
< 100	99.8%
< 250	100.0%
< 500	100.0%
< 1000	100.0%
Average execution speed in milliseconds	13

Resting Stop Order Statistics

Currency Pair	No Slippage	Negative Slippage	Average Negative Slippage (pips)*	Average Net Slippage (pips)**
AUDUSD	80.5%	19.5%	0.3	0.0
EURGBP	86.6%	13.4%	0.4	0.1
EURJPY	54.9%	45.1%	0.3	0.1
EURUSD	81.0%	19.0%	0.3	0.1
GBPJPY	42.7%	57.3%	0.3	0.2
GBPUSD	70.7%	29.3%	0.4	0.1
NZDUSD	77.3%	22.7%	0.4	0.1
USDCAD	83.1%	16.9%	0.2	0.0
USDCHF	79.2%	20.8%	0.3	0.1
USDJPY	67.5%	32.5%	0.3	0.1
XAGUSD	13.6%	86.4%	10.1	7.8
XAUUSD	37.0%	63.0%	5.1	3.2

Resting Limit Order Statistics

Currency Pair	Price Improvement	Zero Slippage	Average Price Improvement (pips)*	Average Net Price Improvement (pips)**
AUDUSD	24.5%	75.5%	0.5	0.1
EURGBP	22.6%	77.4%	0.7	0.2
EURJPY	48.5%	51.5%	0.4	0.2
EURUSD	22.2%	77.8%	0.3	0.1
GBPJPY	62.7%	37.3%	0.4	0.3
GBPUSD	33.1%	66.9%	0.5	0.2
NZDUSD	28.8%	71.2%	0.4	0.1
USDCAD	14.5%	85.5%	0.4	0.1
USDCHF	31.7%	68.3%	0.8	0.3
USDJPY	40.1%	59.9%	0.4	0.2
XAGUSD	85.2%	14.8%	9.8	8.3
XAUUSD	64.1%	35.9%	5.2	3.3

* Average improvement based on limit orders that were Improvement.
** Average improvement based on all limit orders. Calculated from the limit order level.

Limit IOC Order Statistics

Currency Pair	Positive Slippage*	Zero Slippage*	Negative Slippage*	Average Net Slippage (pips)*	Fill Rate**
AUDUSD	20.7%	62.1%	17.2%	0.0	99.4%
EURGBP	15.9%	68.1%	16.0%	0.0	100.0%
EURJPY	33.5%	37.3%	29.2%	0.0	99.2%
EURUSD	20.1%	61.0%	19.0%	0.0	99.8%
GBPJPY	36.4%	29.0%	34.6%	0.0	98.3%
GBPUSD	22.7%	58.1%	19.2%	0.0	99.8%
NZDUSD	16.0%	68.6%	15.4%	0.0	99.5%
USDCAD	21.2%	57.8%	21.0%	0.0	100.0%
USDCHF	18.8%	66.2%	15.0%	0.0	99.6%
USDJPY	31.0%	40.7%	28.3%	0.0	99.0%
XAGUSD	32.9%	42.8%	24.2%	3.4	97.2%
XAUUSD	38.1%	29.2%	32.7%	0.5	99.5%

* Calculated from the indicative market price available in the client Quick Trade window at the time of order placement.
** On Limit IOC orders with default price tolerance of 0.01% and above.

Limit IOC Order Average Improvement *, by price tolerance setting

Currency Pair	0.0 pips*	0.1 – 0.2 pips*	0.3 – 0.6 pips*	0.7 – 1.0 pips*	> 1.1 pips*
AUDUSD	0.0	0.2	0.5	0.7	9.1
EURGBP	0.0	0.2	0.5	0.8	2.5
EURJPY	0.2	0.0	0.6	0.9	3.6
EURUSD	0.0	0.2	0.6	1.0	5.7
GBPJPY	0.5	0.2	0.5	1.0	3.0
GBPUSD	0.1	0.2	0.5	1.0	2.1
NZDUSD	0.0	0.2	0.6	1.0	4.0
USDCAD	0.0	0.2	0.3	1.0	3.7
USDCHF	0.1	0.2	0.5	0.9	3.5
USDJPY	0.2	0.3	0.6	1.1	23.8
	0.0 pips*	1 - 10 pips*	11 - 25 pips*	25- 50 pips*	> 51 pips*
XAGUSD	10.3	0.0	0.0	33.7	338.3
	0.0 pips*	1 - 10 pips*	11 - 20 pips*	21- 30 pips*	> 31 pips*
XAUUSD	3.9	12.3	0.0	24.5	236.3

* Calculated from the Limit IOC order level.
Note: A hyphen (-) indicates that there were no trade attempts from clients using a Limit IOC order in this currency pair with this price tolerance.

Limit IOC Order Fill Rate, by price tolerance setting

Currency Pair	0.0 pips	=< 0.2 pips	=< 0.6 pips	=< 1.0 pips	All
AUDUSD	80.5%	80.8%	82.6%	95.7%	96.5%
EURGBP	91.9%	93.0%	93.8%	99.4%	99.5%
EURJPY	73.3%	73.3%	78.3%	79.3%	96.8%
EURUSD	82.5%	83.1%	83.3%	83.5%	98.4%
GBPJPY	74.0%	75.6%	76.5%	78.0%	97.8%
GBPUSD	79.0%	79.3%	79.7%	80.9%	96.9%
NZDUSD	86.2%	85.9%	97.6%	97.6%	98.2%
USDCAD	82.7%	82.8%	83.5%	83.6%	98.9%
USDCHF	77.3%	78.1%	79.0%	95.2%	96.0%
USDJPY	76.6%	76.7%	76.9%	77.3%	96.2%
	0.0 pips	=< 10 pips	=< 25 pips	=< 50 pips	All
XAGUSD	70.2%	70.2%	70.2%	79.9%	92.4%
	0.0 pips	=< 10 pips	=< 20 pips	=< 30 pips	All
XAUUSD	70.6%	73.3%	73.3%	89.2%	96.6%

Limit IOC Order Execution Speed

Time in Milliseconds	Fill Rate
< 50	98.1%
< 100	99.6%
< 250	99.9%
< 500	100.0%
< 1000	100.0%
Average execution speed in milliseconds	13

Market Order Statistics

Currency Pair	Price Improvement	Zero Slippage	Negative Slippage	Average Net Improvement*	Fill Rate
AUDUSD	20.5%	58.8%	20.7%	0.0	100.0%
EURGBP	19.3%	61.7%	19.0%	0.0	100.0%
EURJPY	32.4%	36.6%	31.0%	0.0	100.0%
EURUSD	20.2%	58.6%	21.2%	0.0	100.0%
GBPJPY	34.2%	32.8%	33.0%	0.0	100.0%
GBPUSD	21.2%	56.3%	22.5%	0.0	100.0%
NZDUSD	19.1%	63.0%	18.0%	0.0	100.0%
USDCAD	21.7%	59.2%	19.1%	0.0	100.0%
USDCHF	19.1%	62.2%	18.7%	0.0	100.0%
USDJPY	32.3%	33.7%	34.1%	0.0	100.0%
XAGUSD	29.7%	39.1%	31.3%	-0.2	100.0%
XAUUSD	35.3%	30.0%	34.8%	0.0	100.0%

* Average improvement based on all market orders. Calculated from the indicative market price.

Market Order Execution Speed

Time in milliseconds	Fill Rate
< 50	98.4%
< 100	99.8%
< 250	100.0%
< 500	100.0%
< 1000	100.0%
Average execution speed in milliseconds	10

Resting Stop Order Statistics

Currency Pair	No Slippage	Negative Slippage	Average Negative Slippage (pips)*	Average Net Slippage (pips)**
AUDUSD	78.2%	21.8%	0.7	0.1
EURGBP	84.7%	15.3%	0.5	0.1
EURJPY	61.7%	38.3%	0.4	0.2
EURUSD	76.3%	23.7%	0.4	0.1
GBPJPY	49.0%	51.0%	0.3	0.2
GBPUSD	66.7%	33.3%	0.6	0.2
NZDUSD	73.7%	26.3%	1.1	0.3
USDCAD	82.4%	17.6%	0.4	0.1
USDCHF	74.3%	25.7%	0.4	0.1
USDJPY	66.2%	33.8%	0.4	0.1
XAGUSD	14.3%	85.7%	21.7	17.3
XAUUSD	36.9%	63.1%	8.0	5.0

Resting Limit Order Statistics

Currency Pair	Price Improvement	Zero Slippage	Average Price Improvement (pips)*	Average Net Price Improvement (pips)**
AUDUSD	26.3%	73.7%	0.9	0.2
EURGBP	22.5%	77.5%	0.8	0.2
EURJPY	49.5%	50.5%	0.5	0.2
EURUSD	22.9%	77.1%	0.4	0.1
GBPJPY	57.5%	42.5%	0.5	0.3
GBPUSD	40.7%	59.3%	0.6	0.2
NZDUSD	28.6%	71.4%	1.3	0.4
USDCAD	18.8%	81.2%	0.3	0.1
USDCHF	33.0%	67.0%	0.4	0.1
USDJPY	41.7%	58.3%	0.5	0.2
XAGUSD	86.6%	13.4%	13.4	11.6
XAUUSD	62.8%	37.2%	5.8	3.6

* Average improvement based on limit orders that were Improvement.
** Average improvement based on all limit orders. Calculated from the limit order level.

Limit IOC Order Statistics

Currency Pair	Positive Slippage*	Zero Slippage*	Negative Slippage*	Average Net Slippage (pips)*	Fill Rate**
AUDUSD	20.8%	60.3%	18.9%	0.0	99.4%
EURGBP	16.5%	67.0%	16.5%	0.0	100.0%
EURJPY	32.6%	36.0%	31.5%	0.0	99.9%
EURUSD	21.2%	59.6%	19.2%	0.0	99.6%
GBPJPY	33.5%	33.4%	33.0%	0.0	99.8%
GBPUSD	23.9%	55.9%	20.2%	0.0	99.6%
NZDUSD	18.9%	64.3%	16.8%	0.0	99.4%
USDCAD	21.7%	56.7%	21.6%	0.0	99.9%
USDCHF	18.7%	66.1%	15.3%	0.0	99.1%
USDJPY	26.1%	49.1%	24.8%	0.0	99.3%
XAGUSD	35.6%	40.4%	24.0%	4.2	96.9%
XAUUSD	39.0%	28.3%	32.7%	0.7	98.6%

* Calculated from the indicative market price available in the client Quick Trade window at the time of order placement.
** On Limit IOC orders with default price tolerance of 0.01% and above.

Limit IOC Order Average Improvement *, by price tolerance setting

Currency Pair	0.0 pips*	0.1 – 0.2 pips*	0.3 – 0.6 pips*	0.7 – 1.0 pips*	> 1.1 pips*
AUDUSD	0.0	0.2	0.4	0.7	5.5
EURGBP	0.0	0.2	0.5	0.8	6.1
EURJPY	0.1	0.0	0.5	1.0	2.2
EURUSD	0.1	0.2	0.4	1.1	4.6
GBPJPY	0.1	0.0	0.4	0.0	2.6
GBPUSD	0.1	0.2	0.5	1.0	2.2
NZDUSD	0.0	0.0	0.6	1.0	3.1
USDCAD	0.0	0.2	0.4	1.0	4.1
USDCHF	0.1	0.2	0.5	0.9	2.2
USDJPY	0.1	0.2	0.5	0.9	21.1
	0.0 pips*	1 - 10 pips*	11 - 25 pips*	25- 50 pips*	> 51 pips*
XAGUSD	11.9	0.0	0.0	36.7	616.1
	0.0 pips*	1 - 10 pips*	11 - 20 pips*	21- 30 pips*	> 31 pips*
XAUUSD	4.3	12.9	0.0	23.5	491.1

* Calculated from the Limit IOC order level.
Note: A hyphen (-) indicates that there were no trade attempts from clients using a Limit IOC order in this currency pair with this price tolerance.

Limit IOC Order Fill Rate, by price tolerance setting

Currency Pair	0.0 pips	=< 0.2 pips	=< 0.6 pips	=< 1.0 pips	All
AUDUSD	70.5%	70.9%	71.2%	93.7%	94.8%
EURGBP	90.2%	87.0%	89.2%	99.2%	99.4%
EURJPY	73.2%	73.2%	80.4%	80.9%	98.6%
EURUSD	76.6%	77.2%	77.1%	77.3%	96.5%
GBPJPY	54.9%	54.9%	55.3%	55.3%	96.6%
GBPUSD	81.3%	81.6%	79.9%	82.6%	96.1%
NZDUSD	91.5%	91.5%	97.5%	97.5%	97.9%
USDCAD	64.5%	65.9%	67.3%	67.7%	97.6%
USDCHF	76.6%	77.7%	78.5%	95.4%	95.8%
USDJPY	69.6%	69.4%	69.8%	70.8%	95.4%
	0.0 pips	=< 10 pips	=< 25 pips	=< 50 pips	All
XAGUSD	88.1%	88.1%	82.8%	84.9%	95.4%
	0.0 pips	=< 10 pips	=< 20 pips	=< 30 pips	All
XAUUSD	50.3%	54.4%	53.8%	77.1%	91.1%

Limit IOC Order Execution Speed

Time in Milliseconds	Fill Rate
< 50	97.5%
< 100	99.7%
< 250	99.9%
< 500	99.9%
< 1000	100.0%
Average execution speed in milliseconds	14

Market Order Statistics

Currency Pair	Price Improvement	Zero Slippage	Negative Slippage	Average Net Improvement*	Fill Rate
AUDUSD	21.5%	57.0%	21.5%	0.0	100.0%
EURGBP	12.1%	70.0%	17.8%	0.0	100.0%
EURJPY	31.4%	37.9%	30.7%	0.0	100.0%
EURUSD	20.5%	57.3%	22.2%	0.0	100.0%
GBPJPY	28.3%	37.5%	34.1%	0.0	100.0%
GBPUSD	23.0%	52.0%	25.0%	0.0	100.0%
NZDUSD	22.1%	61.1%	16.8%	0.0	100.0%
USDCAD	22.5%	55.5%	22.0%	0.0	100.0%
USDCHF	17.0%	64.6%	18.4%	0.0	100.0%
USDJPY	26.7%	42.6%	30.7%	0.0	100.0%
XAGUSD	33.1%	34.6%	32.2%	-0.4	100.0%
XAUUSD	35.8%	27.7%	36.5%	-0.1	100.0%

* Average improvement based on all market orders. Calculated from the indicative market price.

Market Order Execution Speed

Time in milliseconds	Fill Rate
< 50	98.2%
< 100	99.7%
< 250	99.9%
< 500	100.0%
< 1000	100.0%
Average execution speed in milliseconds	13

Resting Stop Order Statistics

Currency Pair	No Slippage	Negative Slippage	Average Negative Slippage (pips)*	Average Net Slippage (pips)**
AUDUSD	80.3%	19.7%	0.6	0.1
EURGBP	82.3%	17.7%	0.4	0.1
EURJPY	64.3%	35.7%	0.3	0.1
EURUSD	82.3%	17.7%	0.6	0.1
GBPJPY	54.6%	45.4%	0.3	0.1
GBPUSD	69.6%	30.4%	0.4	0.1
NZDUSD	72.1%	27.9%	0.7	0.2
USDCAD	75.0%	25.0%	1.9	0.4
USDCHF	65.7%	34.3%	1.0	0.4
USDJPY	69.2%	30.8%	0.4	0.1
XAGUSD	8.8%	91.2%	12.2	11.1
XAUUSD	38.9%	61.1%	7.3	4.3

Resting Limit Order Statistics

Currency Pair	Price Improvement	Zero Slippage	Average Price Improvement (pips)*	Average Net Price Improvement (pips)**
AUDUSD	21.9%	78.1%	0.7	0.2
EURGBP	23.5%	76.5%	0.4	0.1
EURJPY	33.7%	66.3%	0.4	0.1
EURUSD	19.0%	81.0%	0.4	0.1
GBPJPY	39.9%	60.1%	0.3	0.1
GBPUSD	34.9%	65.1%	0.7	0.3
NZDUSD	25.8%	74.2%	0.7	0.2
USDCAD	22.8%	77.2%	0.5	0.1
USDCHF	35.1%	64.9%	1.1	0.4
USDJPY	34.6%	65.4%	0.5	0.2
XAGUSD	86.0%	14.0%	12.9	11.1
XAUUSD	61.3%	38.7%	5.7	3.5

* Average improvement based on limit orders that were Improvement.
** Average improvement based on all limit orders. Calculated from the limit order level.

Limit IOC Order Statistics

Currency Pair	Positive Slippage*	Zero Slippage*	Negative Slippage*	Average Net Slippage (pips)*	Fill Rate***
AUDUSD	20.2%	62.9%	16.9%	0.0	99.4%
EURGBP	15.8%	69.3%	14.9%	0.0	100.0%
EURJPY	28.3%	44.6%	27.1%	0.0	99.9%
EURUSD	20.5%	60.5%	19.0%	0.0	99.7%
GBPJPY	30.5%	42.0%	27.5%	0.0	99.8%
GBPUSD	23.1%	55.8%	21.1%	0.0	99.6%
NZDUSD	16.6%	63.9%	19.6%	0.0	99.6%
USDCAD	22.1%	57.7%	20.2%	0.0	99.9%
USDCHF	16.8%	69.1%	14.1%	0.0	99.1%
USDJPY	28.3%	47.1%	24.7%	0.0	99.4%
XAGUSD	35.7%	38.3%	26.1%	4.5	98.0%
XAUUSD	38.2%	29.5%	32.4%	0.7	98.9%

* Calculated from the indicative market price available in the client Quick Trade window at the time of order placement.
** On Limit IOC orders with default price tolerance of 0.01% and above.

Limit IOC Order Average Improvement *, by price tolerance setting

Currency Pair	0.0 pips*	0.1 – 0.2 pips*	0.3 – 0.6 pips*	0.7 – 1.0 pips*	> 1.1 pips*
AUDUSD	0.0	0.2	0.6	0.7	8.5
EURGBP	0.0	0.2	0.5	0.9	9.3
EURJPY	0.1	0.0	0.5	1.0	2.4
EURUSD	0.1	0.2	0.4	1.0	6.8
GBPJPY	0.2	0.1	0.6	1.0	2.8
GBPUSD	0.1	0.2	0.4	1.0	2.2
NZDUSD	0.0	0.2	0.6	1.0	4.9
USDCAD	0.1	0.2	0.4	1.2	6.6
USDCHF	0.0	0.2	0.5	0.9	2.2
USDJPY	0.1	0.2	0.5	0.8	4.8
	0.0 pips*	1 - 10 pips*	11 - 25 pips*	25- 50 pips*	> 51 pips*
XAGUSD	14.2	0.0	0.0	37.0	475.0
	0.0 pips*	1 - 10 pips*	11 - 20 pips*	21- 30 pips*	> 31 pips*
XAUUSD	5.2	11.1	20.8	23.9	373.6

* Calculated from the Limit IOC order level.
Note: A hyphen (-) indicates that there were no trade attempts from clients using a Limit IOC order in this currency pair with this price tolerance.

Limit IOC Order Fill Rate, by price tolerance setting

Currency Pair	0.0 pips	=< 0.2 pips	=< 0.6 pips	=< 1.0 pips	All
AUDUSD	74.3%	74.8%	77.1%	94.5%	95.3%
EURGBP	87.2%	82.4%	83.6%	99.2%	99.5%
EURJPY	72.9%	72.9%	85.3%	86.3%	98.8%
EURUSD	73.2%	73.6%	73.5%	73.8%	96.6%
GBPJPY	60.3%	60.5%	60.8%	61.9%	96.4%
GBPUSD	78.5%	78.7%	77.1%	78.2%	96.5%
NZDUSD	81.8%	82.1%	98.0%	98.0%	98.3%
USDCAD	69.5%	70.1%	71.5%	71.8%	97.7%
USDCHF	71.1%	75.3%	75.8%	95.5%	95.7%
USDJPY	64.4%	66.3%	67.7%	68.3%	95.7%
	0.0 pips	=< 10 pips	=< 25 pips	=< 50 pips	All
XAGUSD	87.1%	87.1%	81.4%	88.5%	96.7%
	0.0 pips	=< 10 pips	=< 20 pips	=< 30 pips	All
XAUUSD	50.0%	64.4%	65.7%	83.3%	93.2%

Limit IOC Order Execution Speed

Time in Milliseconds	Fill Rate
< 50	96.1%
< 100	99.6%
< 250	99.9%
< 500	99.9%
< 1000	100.0%
Average execution speed in milliseconds	16

Market Order Statistics

Currency Pair	Price Improvement	Zero Slippage	Negative Slippage	Average Net Improvement*	Fill Rate
AUDUSD	21.8%	58.1%	20.1%	0.0	100.0%
EURGBP	16.4%	69.5%	14.1%	0.0	100.0%
EURJPY	26.7%	45.5%	27.9%	0.0	100.0%
EURUSD	20.6%	57.5%	22.0%	0.0	100.0%
GBPJPY	27.0%	43.0%	30.1%	0.0	100.0%
GBPUSD	24.4%	52.4%	23.2%	0.0	100.0%
NZDUSD	15.0%	65.7%	19.3%	0.0	100.0%
USDCAD	21.0%	58.0%	21.1%	0.0	100.0%
USDCHF	16.0%	66.7%	17.4%	0.0	100.0%
USDJPY	27.4%	42.1%	30.6%	0.0	100.0%
XAGUSD	31.2%	36.5%	32.3%	-0.5	100.0%
XAUUSD	36.1%	28.7%	35.1%	0.0	100.0%

* Average improvement based on all market orders. Calculated from the indicative market price.

Market Order Execution Speed

Time in milliseconds	Fill Rate
< 50	97.8%
< 100	99.7%
< 250	99.9%
< 500	100.0%
< 1000	100.0%
Average execution speed in milliseconds	13

Resting Stop Order Statistics

Currency Pair	No Slippage	Negative Slippage	Average Negative Slippage (pips)*	Average Net Slippage (pips)**
AUDUSD	83.6%	16.4%	0.5	0.1
EURGBP	81.6%	18.4%	0.3	0.0
EURJPY	64.3%	35.7%	0.4	0.1
EURUSD	82.0%	18.0%	0.7	0.1
GBPJPY	54.1%	45.9%	0.5	0.2
GBPUSD	71.1%	28.9%	0.5	0.2
NZDUSD	68.4%	31.6%	0.8	0.2
USDCAD	77.8%	22.2%	1.3	0.3
USDCHF	76.2%	23.8%	0.9	0.1
USDJPY	70.1%	29.9%	0.4	0.1
XAGUSD	9.4%	90.6%	14.3	12.9
XAUUSD	37.5%	62.5%	5.3	3.3

Resting Limit Order Statistics

Currency Pair	Price improvement	Zero Slippage	Average Price Improvement (pips)*	Average Net Price Improvement (pips)**
AUDUSD	19.4%	80.6%	0.4	0.1
EURGBP	20.9%	79.1%	0.4	0.1
EURJPY	47.0%	53.0%	0.6	0.3
EURUSD	17.6%	82.4%	0.4	0.1
GBPJPY	46.8%	53.2%	0.6	0.3
GBPUSD	33.2%	66.8%	0.6	0.2
NZDUSD	26.6%	73.4%	1.0	0.3
USDCAD	23.3%	76.7%	0.9	0.2
USDCHF	40.3%	59.7%	0.5	0.2
USDJPY	36.8%	63.2%	0.5	0.2
XAGUSD	85.6%	14.4%	11.4	9.8
XAUUSD	62.4%	37.6%	5.0	3.1

* Average improvement based on limit orders that were Improvement.
** Average improvement based on all limit orders. Calculated from the limit order level.

Limit IOC Order Statistics

Currency Pair	Positive Slippage*	Zero Slippage*	Negative Slippage*	Average Net Slippage (pips)*	Fill Rate***
AUDUSD	22.7%	58.5%	18.9%	0.0	99.4%
EURGBP	14.4%	70.4%	15.2%	0.0	100.0%
EURJPY	29.6%	41.0%	29.4%	0.0	99.9%
EURUSD	23.3%	55.8%	20.9%	0.0	99.7%
GBPJPY	34.3%	37.9%	27.8%	0.1	99.7%
GBPUSD	24.2%	54.4%	21.4%	0.0	99.6%
NZDUSD	19.2%	62.9%	17.9%	0.0	99.4%
USDCAD	25.9%	52.3%	21.7%	0.0	99.9%
USDCHF	21.1%	61.3%	17.7%	0.0	99.1%
USDJPY	29.9%	44.8%	25.3%	0.1	99.3%
XAGUSD	34.4%	40.5%	25.1%	4.1	97.9%
XAUUSD	39.9%	27.3%	32.9%	1.1	99.2%

* Calculated from the indicative market price available in the client Quick Trade window at the time of order placement.
** On Limit IOC orders with default price tolerance of 0.01% and above.

Limit IOC Order Average Improvement *, by price tolerance setting

Currency Pair	0.0 pips*	0.1 – 0.2 pips*	0.3 – 0.6 pips*	0.7 – 1.0 pips*	> 1.1 pips*
AUDUSD	0.1	0.2	0.6	0.7	7.1
EURGBP	0.0	0.1	0.4	0.9	13.6
EURJPY	0.1	0.0	0.5	0.9	1.9
EURUSD	0.1	0.2	0.4	1.0	7.0
GBPJPY	0.2	0.4	0.5	0.0	2.4
GBPUSD	0.1	0.2	0.5	1.0	2.8
NZDUSD	0.0	0.2	0.6	1.0	4.4
USDCAD	0.1	0.2	0.4	1.0	7.1
USDCHF	0.1	0.2	0.5	0.9	2.7
USDJPY	0.2	0.2	0.5	1.2	5.4
	0.0 pips*	1 - 10 pips*	11 - 25 pips*	25- 50 pips*	> 51 pips*
XAGUSD	13.0	30.0	31.1	35.6	289.7
	0.0 pips*	1 - 10 pips*	11 - 20 pips*	21- 30 pips*	> 31 pips*
XAUUSD	6.5	6.2	20.9	24.4	696.3

* Calculated from the Limit IOC order level.
Note: A hyphen (-) indicates that there were no trade attempts from clients using a Limit IOC order in this currency pair with this price tolerance.

Limit IOC Order Fill Rate, by price tolerance setting

Currency Pair	0.0 pips	=< 0.2 pips	=< 0.6 pips	=< 1.0 pips	All
AUDUSD	77.2%	77.8%	91.2%	94.3%	95.3%
EURGBP	94.2%	91.9%	92.3%	99.3%	99.5%
EURJPY	71.6%	71.6%	83.5%	83.7%	99.2%
EURUSD	78.8%	79.5%	79.5%	79.6%	97.0%
GBPJPY	67.3%	68.7%	69.4%	69.4%	95.3%
GBPUSD	80.3%	80.5%	84.4%	84.5%	96.8%
NZDUSD	75.0%	75.2%	97.6%	97.7%	97.9%
USDCAD	75.6%	77.4%	79.3%	79.6%	97.8%
USDCHF	73.4%	75.9%	76.2%	95.5%	95.7%
USDJPY	65.2%	65.4%	66.5%	66.9%	95.2%
	0.0 pips	=< 10 pips	=< 25 pips	=< 50 pips	All
XAGUSD	88.5%	88.6%	84.7%	89.0%	96.7%
	0.0 pips	=< 10 pips	=< 20 pips	=< 30 pips	All
XAUUSD	63.5%	64.8%	66.3%	87.5%	95.0%

Limit IOC Order Execution Speed

Time in Milliseconds	Fill Rate
< 50	96.8%
< 100	99.5%
< 250	99.9%
< 500	99.9%
< 1000	100.0%
Average execution speed in milliseconds	15

Market Order Statistics

Currency Pair	Price Improvement	Zero Slippage	Negative Slippage	Average Net Improvement*	Fill Rate
AUDUSD	23.0%	54.0%	23.1%	0.0	100.0%
EURGBP	13.1%	69.0%	17.9%	0.0	100.0%
EURJPY	27.7%	43.7%	28.6%	0.0	100.0%
EURUSD	24.2%	50.8%	25.0%	0.0	100.0%
GBPJPY	31.5%	35.9%	32.6%	0.0	100.0%
GBPUSD	23.2%	53.0%	23.7%	0.0	100.0%
NZDUSD	17.5%	63.5%	19.0%	0.0	100.0%
USDCAD	23.6%	51.1%	25.3%	0.0	100.0%
USDCHF	20.2%	56.6%	23.2%	0.0	100.0%
USDJPY	28.2%	41.0%	30.9%	0.0	100.0%
XAGUSD	30.6%	38.7%	30.7%	0.0	100.0%
XAUUSD	36.3%	27.2%	36.4%	-0.1	100.0%

* Average improvement based on all market orders. Calculated from the indicative market price.

Market Order Execution Speed

Time in milliseconds	Fill Rate
< 50	98.4%
< 100	99.7%
< 250	99.9%
< 500	100.0%
< 1000	100.0%
Average execution speed in milliseconds	12

Resting Stop Order Statistics

Currency Pair	No Slippage	Negative Slippage	Average Negative Slippage (pips)*	Average Net Slippage (pips)**
AUDUSD	82.2%	17.8%	0.5	0.1
EURGBP	86.0%	14.0%	0.2	0.0
EURJPY	62.6%	37.4%	0.3	0.1
EURUSD	83.4%	16.6%	0.3	0.1
GBPJPY	50.8%	49.2%	0.4	0.2
GBPUSD	72.9%	27.1%	0.3	0.1
NZDUSD	80.9%	19.1%	0.5	0.1
USDCAD	85.3%	14.7%	0.3	0.0
USDCHF	71.7%	28.3%	0.4	0.1
USDJPY	63.5%	36.5%	0.4	0.1
XAGUSD	10.5%	89.5%	10.1	9.0
XAUUSD	36.9%	63.1%	4.2	2.6

Resting Limit Order Statistics

Currency Pair	Price improvement	Zero Slippage	Average Price Improvement (pips)*	Average Net Price Improvement (pips)**
AUDUSD	21.1%	78.9%	0.4	0.1
EURGBP	14.5%	85.5%	0.4	0.1
EURJPY	45.2%	54.8%	0.4	0.2
EURUSD	17.5%	82.5%	0.3	0.1
GBPJPY	47.1%	52.9%	0.5	0.2
GBPUSD	27.5%	72.5%	0.5	0.1
NZDUSD	23.1%	76.9%	0.2	0.1
USDCAD	19.3%	80.7%	0.4	0.1
USDCHF	36.1%	63.9%	0.4	0.1
USDJPY	39.9%	60.1%	0.4	0.2
XAGUSD	84.5%	15.5%	9.7	8.2
XAUUSD	62.8%	37.2%	3.8	2.4

* Average improvement based on limit orders that were Improvement.
** Average improvement based on all limit orders. Calculated from the limit order level.

Limit IOC Order Statistics

Currency Pair	Positive Slippage*	Zero Slippage*	Negative Slippage*	Average Net Slippage (pips)*	Fill Rate**
AUDUSD	22.3%	58.6%	19.1%	0.0	99.3%
EURGBP	21.1%	59.1%	19.8%	0.0	100.0%
EURJPY	38.5%	25.6%	35.9%	0.0	98.8%
EURUSD	28.3%	48.7%	23.1%	0.0	99.5%
GBPJPY	40.6%	23.2%	36.3%	0.0	99.1%
GBPUSD	28.3%	47.0%	24.7%	0.0	99.6%
NZDUSD	18.5%	58.7%	22.8%	0.0	99.0%
USDCAD	29.6%	42.9%	27.4%	0.0	99.3%
USDCHF	20.2%	63.1%	16.7%	0.0	99.5%
USDJPY	36.3%	32.5%	31.3%	0.0	99.4%
XAGUSD	33.7%	44.3%	22.0%	3.3	97.2%
XAUUSD	41.2%	24.2%	34.5%	0.7	99.2%

* Calculated from the indicative market price available in the client Quick Trade window at the time of order placement.
** On Limit IOC orders with default price tolerance of 0.01% and above.

Limit IOC Order Average Improvement *, by price tolerance setting

Currency Pair	0.0 pips*	0.1 – 0.2 pips*	0.3 – 0.6 pips*	0.7 – 1.0 pips*	> 1.1 pips*
AUDUSD	0.1	0.2	0.6	0.9	4.2
EURGBP	0.0	0.2	0.0	0.8	2.8
EURJPY	0.2	0.0	0.6	1.1	3.7
EURUSD	0.1	0.2	0.4	1.0	6.2
GBPJPY	0.3	0.2	0.0	0.9	4.1
GBPUSD	0.1	0.3	0.4	1.0	2.7
NZDUSD	0.1	0.2	0.6	0.9	3.8
USDCAD	0.1	0.2	0.4	1.0	9.8
USDCHF	0.0	0.1	0.5	0.9	4.3
USDJPY	0.2	0.2	0.4	1.0	6.4
	0.0 pips*	1 - 10 pips*	11 - 25 pips*	25- 50 pips*	> 51 pips*
XAGUSD	10.9	17.6	0.0	37.9	249.5
	0.0 pips*	1 - 10 pips*	11 - 20 pips*	21- 30 pips*	> 31 pips*
XAUUSD	4.9	0.0	0.0	29.6	123.6

* Calculated from the Limit IOC order level.
Note: A hyphen (-) indicates that there were no trade attempts from clients using a Limit IOC order in this currency pair with this price tolerance.

Limit IOC Order Fill Rate, by price tolerance setting

Currency Pair	0.0 pips	=< 0.2 pips	=< 0.6 pips	=< 1.0 pips	All
AUDUSD	76.8%	77.3%	94.8%	94.9%	95.9%
EURGBP	76.4%	77.9%	77.9%	97.0%	98.0%
EURJPY	65.4%	65.4%	77.4%	85.8%	96.7%
EURUSD	70.7%	70.9%	71.7%	80.8%	94.9%
GBPJPY	59.4%	59.1%	59.1%	59.6%	95.8%
GBPUSD	74.1%	76.2%	79.1%	79.9%	96.8%
NZDUSD	77.6%	78.9%	97.0%	97.0%	97.1%
USDCAD	69.8%	69.9%	70.3%	70.7%	96.7%
USDCHF	78.3%	78.4%	78.7%	94.4%	94.8%
USDJPY	63.8%	67.4%	68.5%	72.1%	93.7%
	0.0 pips	=< 10 pips	=< 25 pips	=< 50 pips	All
XAGUSD	65.9%	68.1%	68.1%	73.8%	89.7%
	0.0 pips	=< 10 pips	=< 20 pips	=< 30 pips	All
XAUUSD	59.6%	59.5%	59.5%	81.6%	93.7%

Limit IOC Order Execution Speed

Time in Milliseconds	Fill Rate
< 50	97.5%
< 100	99.6%
< 250	99.8%
< 500	99.9%
< 1000	99.9%
Average execution speed in milliseconds	15

Market Order Statistics

Currency Pair	Price Improvement	Zero Slippage	Negative Slippage	Average Net Improvement*	Fill Rate
AUDUSD	20.2%	57.8%	22.0%	0.0	100.0%
EURGBP	23.8%	58.0%	18.2%	0.0	100.0%
EURJPY	37.1%	24.3%	38.5%	0.0	100.0%
EURUSD	26.4%	45.6%	28.0%	0.0	100.0%
GBPJPY	37.2%	23.8%	38.9%	0.0	100.0%
GBPUSD	26.2%	46.4%	27.4%	0.0	100.0%
NZDUSD	19.6%	63.8%	16.6%	0.0	100.0%
USDCAD	29.2%	42.9%	27.9%	0.0	100.0%
USDCHF	23.2%	55.4%	21.4%	0.0	100.0%
USDJPY	33.3%	32.5%	34.1%	0.0	100.0%
XAGUSD	28.8%	43.3%	27.8%	-0.6	100.0%
XAUUSD	36.4%	25.5%	38.1%	-0.2	100.0%

* Average improvement based on all market orders. Calculated from the indicative market price.

Market Order Execution Speed

Time in milliseconds	Fill Rate
< 50	98.3%
< 100	99.8%
< 250	100.0%
< 500	100.0%
< 1000	100.0%
Average execution speed in milliseconds	12

Resting Stop Order Statistics

Currency Pair	No Slippage	Negative Slippage	Average Negative Slippage (pips)*	Average Net Slippage (pips)**
AUDUSD	80.1%	19.9%	0.4	0.1
EURGBP	88.0%	12.0%	0.2	0.0
EURJPY	75.3%	24.7%	0.2	0.0
EURUSD	80.0%	20.0%	0.2	0.0
GBPJPY	51.4%	48.6%	0.2	0.1
GBPUSD	66.0%	34.0%	0.4	0.1
NZDUSD	81.4%	18.6%	0.5	0.1
USDCAD	78.6%	21.4%	0.3	0.1
USDCHF	76.5%	23.5%	0.5	0.1
USDJPY	74.9%	25.1%	0.2	0.1
XAGUSD	10.0%	90.0%	13.9	12.5
XAUUSD	25.5%	74.5%	6.1	4.5

Limit Order Statistics

Currency Pair	Price Improvement	Zero Slippage	Average Price Improvement (pips)*	Average Net Price Improvement (pips)**
AUDUSD	22.2%	77.8%	0.3	0.1
EURGBP	16.8%	83.2%	0.2	0.0
EURJPY	38.0%	62.0%	0.2	0.1
EURUSD	21.3%	78.7%	0.2	0.0
GBPJPY	49.0%	51.0%	0.2	0.1
GBPUSD	32.8%	67.2%	0.4	0.1
NZDUSD	17.3%	82.7%	0.2	0.0
USDCAD	31.9%	68.1%	0.3	0.1
USDCHF	25.8%	74.2%	0.4	0.1
USDJPY	32.8%	67.2%	0.2	0.1
XAGUSD	88.9%	11.1%	13.6	12.1
XAUUSD	74.2%	25.8%	5.4	4.0

* Average improvement based on limit orders that were Improvement.
** Average improvement based on all limit orders. Calculated from the limit order level.

Limit IOC Order Statistics

Currency Pair	Positive Slippage*	Zero Slippage*	Negative Slippage*	Average Net Slippage (pips)*	Fill Rate**
AUDUSD	21.5%	59.6%	18.9%	0.0	98.9%
EURGBP	18.9%	63.3%	17.8%	0.0	99.8%
EURJPY	36.3%	32.2%	31.5%	0.0	99.7%
EURUSD	24.4%	55.2%	20.4%	0.0	99.2%
GBPJPY	38.6%	26.5%	34.8%	0.0	99.2%
GBPUSD	27.4%	47.2%	25.4%	0.0	99.6%
NZDUSD	21.2%	61.2%	17.6%	0.0	99.7%
USDCAD	27.9%	48.5%	23.7%	0.0	99.8%
USDCHF	20.9%	66.0%	13.1%	0.0	98.9%
USDJPY	32.7%	39.5%	27.8%	0.0	99.3%
XAGUSD	31.8%	46.8%	21.4%	3.8	97.5%
XAUUSD	42.7%	20.5%	36.8%	0.7	99.6%

* Calculated from the indicative market price available in the client Quick Trade window at the time of order placement.
** On Limit IOC orders with default price tolerance of 0.01% and above.

Limit IOC Order Average Improvement *, by price tolerance setting

Currency Pair	0.0 pips*	0.1 – 0.2 pips*	0.3 – 0.6 pips*	0.7 – 1.0 pips*	> 1.1 pips*
AUDUSD	0.1	0.2	0.6	0.8	4.1
EURGBP	0.0	0.3	0.0	0.8	2.6
EURJPY	0.2	0.3	0.6	1.2	2.7
EURUSD	0.1	0.2	0.4	1.0	25.5
GBPJPY	0.3	0.5	0.0	1.2	3.6
GBPUSD	0.1	0.3	0.4	1.0	2.5
NZDUSD	0.0	0.2	0.6	0.0	3.4
USDCAD	0.1	0.5	0.2	1.0	14.7
USDCHF	0.1	0.2	0.5	0.9	3.7
USDJPY	0.2	0.2	0.5	1.0	5.8
	0.0 pips*	1 - 10 pips*	11 - 25 pips*	25- 50 pips*	> 51 pips*
XAGUSD	11.6	13.4	31.6	36.9	167.8
	0.0 pips*	1 - 10 pips*	11 - 20 pips*	21- 30 pips*	> 31 pips*
XAUUSD	6.2	0.0	0.0	29.1	86.7

* Calculated from the Limit IOC order level.
Note:A hyphen (-) indicates that there were no trade attempts from clients using a Limit IOC order in this currency pair with this price tolerance.

Limit IOC Order Fill Rate, by price tolerance setting

Currency Pair	0.0 pips	=< 0.2 pips	=< 0.6 pips	=< 1.0 pips	All
AUDUSD	64.2%	65.3%	91.7%	91.7%	93.2%
EURGBP	60.3%	65.8%	65.8%	98.0%	98.7%
EURJPY	92.9%	90.9%	93.2%	93.2%	98.8%
EURUSD	78.4%	78.3%	78.8%	94.3%	95.4%
GBPJPY	71.9%	72.6%	72.6%	72.9%	95.9%
GBPUSD	66.2%	68.6%	71.4%	71.4%	96.1%
NZDUSD	76.4%	75.7%	96.4%	96.4%	97.0%
USDCAD	74.0%	74.3%	73.9%	74.0%	97.7%
USDCHF	87.4%	87.4%	87.6%	95.1%	95.7%
USDJPY	73.1%	77.6%	78.5%	78.8%	95.1%
	0.0 pips	=< 10 pips	=< 25 pips	=< 50 pips	All
XAGUSD	64.0%	64.8%	65.0%	77.0%	91.2%
	0.0 pips	=< 10 pips	=< 20 pips	=< 30 pips	All
XAUUSD	69.8%	69.8%	69.8%	86.3%	96.1%

Limit IOC Order Execution Speed

Time in Milliseconds	Fill Rate
< 50	97.8%
< 100	99.6%
< 250	99.9%
< 500	99.9%
< 1000	99.9%
Average execution speed in milliseconds	14

Market Order Statistics

Currency Pair	Price Improvement	Zero Slippage	Negative Slippage	Average Net Improvement*	Fill Rate
AUDUSD	22.1%	54.4%	23.4%	0.0	100.0%
EURGBP	18.9%	60.7%	20.4%	0.0	100.0%
EURJPY	34.3%	32.5%	33.1%	0.0	100.0%
EURUSD	23.4%	49.9%	26.8%	0.0	100.0%
GBPJPY	35.3%	28.3%	36.4%	0.0	100.0%
GBPUSD	26.3%	44.1%	29.6%	0.0	100.0%
NZDUSD	22.0%	56.9%	21.1%	0.0	100.0%
USDCAD	23.9%	49.7%	26.4%	0.0	100.0%
USDCHF	19.2%	62.3%	18.5%	0.0	100.0%
USDJPY	29.6%	38.3%	32.1%	0.0	100.0%
XAGUSD	26.8%	45.2%	28.0%	-0.5	100.0%
XAUUSD	40.0%	20.7%	39.3%	0.2	100.0%

* Average improvement based on all market orders. Calculated from the indicative market price.

Market Order Execution Speed

Time in milliseconds	Fill Rate
< 50	98.7%
< 100	99.8%
< 250	100.0%
< 500	100.0%
< 1000	100.0%
Average execution speed in milliseconds	11

Resting Stop Order Statistics

Currency Pair	No Slippage	Negative Slippage	Average Negative Slippage (pips)*	Average Net Slippage (pips)**
AUDUSD	75.0%	25.0%	0.5	0.1
EURGBP	79.6%	20.4%	0.6	0.1
EURJPY	69.9%	30.1%	0.2	0.1
EURUSD	76.9%	23.1%	0.5	0.1
GBPJPY	49.8%	50.2%	0.3	0.1
GBPUSD	65.9%	34.1%	0.4	0.1
NZDUSD	78.7%	21.3%	0.6	0.1
USDCAD	70.4%	29.6%	0.5	0.2
USDCHF	70.3%	29.7%	0.3	0.1
USDJPY	82.1%	17.9%	0.2	0.0
XAGUSD	7.1%	92.9%	18.8	17.4
XAUUSD	21.7%	78.3%	7.4	5.7

* Average slippage based on stop orders that were slipped. Calculated from the stop order level, adjusted for the bid/ask spread at the time of triggering ** Average slippage based on all stop orders. Calculated from the stop order level, adjusted for the bid/ask spread at the time of triggering.

Resting Limit Order Statistics

Currency Pair	Price improvement	Zero Slippage	Average Price Improvement (pips)*	Average Net Price Improvement (pips)**
AUDUSD	23.7%	76.3%	0.5	0.1
EURGBP	21.8%	78.2%	0.5	0.1
EURJPY	40.2%	59.8%	0.2	0.1
EURUSD	26.6%	73.4%	0.5	0.1
GBPJPY	54.9%	45.1%	0.3	0.2
GBPUSD	38.5%	61.5%	0.5	0.2
NZDUSD	18.8%	81.2%	0.7	0.1
USDCAD	34.5%	65.5%	0.5	0.2
USDCHF	27.4%	72.6%	0.4	0.1
USDJPY	27.4%	72.6%	0.3	0.1
XAGUSD	89.8%	10.2%	18.0	16.1
XAUUSD	76.3%	23.7%	6.4	4.9

* Average improvement based on limit orders that were Improvement.
** Average improvement based on all limit orders. Calculated from the limit order level.

Limit IOC Order Statistics

Currency Pair	Positive Slippage*	Zero Slippage*	Negative Slippage*	Average Net Slippage (pips)*	Fill Rate**
AUDUSD	22.6%	57.9%	19.4%	0.0	99.0%
EURGBP	24.1%	52.5%	23.4%	0.0	99.6%
EURJPY	34.8%	32.7%	32.5%	0.0	99.6%
EURUSD	28.5%	48.6%	22.9%	0.0	99.3%
GBPJPY	39.1%	27.1%	33.8%	0.0	99.2%
GBPUSD	31.9%	39.8%	28.3%	0.0	99.7%
NZDUSD	20.2%	61.3%	18.5%	0.0	99.7%
USDCAD	29.7%	44.9%	25.4%	0.0	99.9%
USDCHF	25.7%	58.3%	16.1%	0.0	99.0%
USDJPY	33.2%	38.5%	28.3%	0.0	99.4%
XAGUSD	30.3%	46.3%	23.3%	2.3	97.0%
XAUUSD	39.7%	23.3%	37.0%	0.2	99.6%

* Calculated from the indicative market price available in the client Quick Trade window at the time of order placement.
** On Limit IOC orders with default price tolerance of 0.01% and above.

Limit IOC Order Average Improvement *, by price tolerance setting

Currency Pair	0.0 pips*	0.1 – 0.2 pips*	0.3 – 0.6 pips*	0.7 – 1.0 pips*	> 1.1 pips*
AUDUSD	0.1	0.2	0.6	0.7	5.4
EURGBP	0.1	0.2	0.0	0.8	6.6
EURJPY	0.2	0.3	0.5	1.3	2.5
EURUSD	0.1	0.2	0.4	1.0	19.7
GBPJPY	0.3	0.2	0.5	1.2	4.3
GBPUSD	0.1	0.3	0.4	0.0	2.6
NZDUSD	0.0	0.2	0.6	0.8	3.9
USDCAD	0.1	0.0	0.4	1.3	10.9
USDCHF	0.1	0.1	0.5	0.9	3.1
USDJPY	0.2	0.3	0.4	1.0	7.9
	0.0 pips*	1 - 10 pips*	11 - 25 pips*	25- 50 pips*	> 51 pips*
XAGUSD	10.0	26.0	0.0	34.0	94.3
	0.0 pips*	1 - 10 pips*	11 - 20 pips*	21- 30 pips*	> 31 pips*
XAUUSD	4.7	5.0	0.0	27.3	78.7

* Calculated from the Limit IOC order level.
Note: A hyphen (-) indicates that there were no trade attempts from clients using a Limit IOC order in this currency pair with this price tolerance.

Limit IOC Order Fill Rate, by price tolerance setting

Currency Pair	0.0 pips	=< 0.2 pips	=< 0.6 pips	=< 1.0 pips	All
AUDUSD	68.6%	68.2%	92.4%	92.3%	94.3%
EURGBP	56.1%	59.7%	59.7%	97.2%	97.5%
EURJPY	86.7%	87.1%	87.1%	87.3%	98.5%
EURUSD	78.6%	78.5%	79.5%	95.0%	95.8%
GBPJPY	73.1%	73.5%	74.0%	74.0%	96.0%
GBPUSD	77.4%	85.3%	85.3%	85.2%	97.2%
NZDUSD	76.2%	75.7%	96.5%	96.5%	96.9%
USDCAD	81.9%	81.9%	85.0%	85.0%	98.2%
USDCHF	88.8%	89.0%	89.2%	95.7%	96.4%
USDJPY	73.6%	75.7%	76.5%	76.9%	95.4%
	0.0 pips	=< 10 pips	=< 25 pips	=< 50 pips	All
XAGUSD	43.4%	43.9%	43.9%	63.4%	88.9%
	0.0 pips	=< 10 pips	=< 20 pips	=< 30 pips	All
XAUUSD	57.8%	57.9%	57.9%	79.4%	95.8%

Limit IOC Order Execution Speed

Time in Milliseconds	Fill Rate
< 50	98.1%
< 100	99.6%
< 250	99.8%
< 500	99.9%
< 1000	99.9%
Average execution speed in milliseconds	14

Market Order Statistics

Currency Pair	Price Improvement	Zero Slippage	Negative Slippage	Average Net Improvement*	Fill Rate
AUDUSD	21.8%	55.8%	22.4%	0.0	100.0%
EURGBP	21.4%	60.5%	18.1%	0.0	100.0%
EURJPY	34.4%	33.5%	32.2%	0.0	100.0%
EURUSD	26.5%	45.0%	28.5%	0.0	100.0%
GBPJPY	35.8%	29.5%	34.7%	0.0	100.0%
GBPUSD	30.1%	38.5%	31.4%	0.0	100.0%
NZDUSD	18.2%	63.0%	18.8%	0.0	100.0%
USDCAD	23.9%	50.3%	25.8%	0.0	100.0%
USDCHF	21.4%	57.3%	21.3%	0.0	100.0%
USDJPY	30.2%	38.1%	31.6%	0.0	100.0%
XAGUSD	28.9%	41.1%	30.0%	-1.0	100.0%
XAUUSD	37.4%	26.1%	36.4%	0.0	100.0%

* Average improvement based on all market orders. Calculated from the indicative market price

Market Order Execution Speed

Time in milliseconds	Fill Rate
< 50	99.1%
< 100	99.9%
< 250	100.0%
< 500	100.0%
< 1000	100.0%
Average execution speed in milliseconds	11

Resting Stop Order Statistics

Currency Pair	No Slippage	Negative Slippage	Average Negative Slippage (pips)*	Average Net Slippage (pips)**
AUDUSD	75.5%	24.5%	0.4	0.1
EURGBP	83.3%	16.7%	0.4	0.1
EURJPY	65.6%	34.4%	0.3	0.1
EURUSD	73.3%	26.7%	0.5	0.1
GBPJPY	47.3%	52.7%	0.3	0.1
GBPUSD	61.6%	38.4%	0.4	0.1
NZDUSD	83.1%	16.9%	0.6	0.1
USDCAD	73.8%	26.2%	0.4	0.1
USDCHF	70.4%	29.6%	0.9	0.3
USDJPY	80.2%	19.8%	0.2	0.0
XAGUSD	10.5%	89.5%	14.7	13.1
XAUUSD	27.4%	72.6%	5.1	3.7

Resting Limit Order Statistics

Currency Pair	Price Improvement	Zero Slippage	Average Price Improvement (pips)*	Average Net Price Improvement (pips)**
AUDUSD	26.5%	73.5%	0.4	0.1
EURGBP	23.1%	76.9%	0.4	0.1
EURJPY	38.8%	61.2%	0.3	0.1
EURUSD	28.4%	71.6%	0.4	0.1
GBPJPY	57.7%	42.3%	0.4	0.2
GBPUSD	43.2%	56.8%	0.7	0.3
NZDUSD	24.9%	75.1%	0.6	0.1
USDCAD	32.7%	67.3%	0.5	0.2
USDCHF	32.6%	67.4%	0.7	0.2
USDJPY	20.5%	79.5%	0.3	0.1
XAGUSD	90.3%	9.7%	16.7	15.1
XAUUSD	70.1%	29.9%	4.7	3.3

* Average improvement based on limit orders that were Improvement.
** Average improvement based on all limit orders. Calculated from the limit order level.

Limit IOC Order Statistics

Currency Pair	Positive Slippage*	Zero Slippage*	Negative Slippage*	Average Net Slippage (pips)*	Fill Rate**
AUDUSD	21.8%	60.7%	17.4%	0.0	98.9%
EURGBP	18.1%	63.0%	18.9%	0.0	99.7%
EURJPY	34.9%	30.1%	35.0%	0.0	99.6%
EURUSD	27.1%	49.9%	22.9%	0.0	99.2%
GBPJPY	37.5%	30.6%	31.8%	0.0	98.5%
GBPUSD	29.1%	45.9%	25.0%	0.0	99.5%
NZDUSD	18.6%	67.6%	13.9%	0.0	99.5%
USDCAD	25.3%	53.2%	21.5%	0.0	99.8%
USDCHF	19.8%	60.4%	19.8%	0.0	99.3%
USDJPY	32.4%	39.4%	28.2%	0.0	99.3%
XAGUSD	31.5%	45.9%	22.6%	2.6	96.9%
XAUUSD	40.1%	25.0%	34.9%	0.4	99.5%

* Calculated from the indicative market price available in the client Quick Trade window at the time of order placement
** On Limit IOC orders with default price tolerance of 0.01% and above.

Limit IOC Order Average Improvement *, by price tolerance setting

Currency Pair	0.0 pips*	0.1 – 0.2 pips*	0.3 – 0.6 pips*	0.7 – 1.0 pips*	> 1.1 pips*
AUDUSD	0.1	0.2	0.6	0.7	6.3
EURGBP	0.0	0.2	0.0	0.8	5.0
EURJPY	0.1	0.3	0.9	1.1	2.7
EURUSD	0.1	0.2	0.3	1.0	8.2
GBPJPY	0.2	0.2	0.4	0.9	4.4
GBPUSD	0.1	0.2	0.4	1.0	2.6
NZDUSD	0.0	0.2	0.6	1.0	3.3
USDCAD	0.1	0.2	0.3	0.0	18.2
USDCHF	0.1	0.2	0.4	0.9	1.9
USDJPY	0.2	0.2	0.5	1.0	4.7
	0.0 pips*	1 - 10 pips*	11 - 25 pips*	25- 50 pips*	> 51 pips*
XAGUSD	8.9	0.0	0.0	33.5	106.7
	0.0 pips*	1 - 10 pips*	11 - 20 pips*	21- 30 pips*	> 31 pips*
XAUUSD	5.0	12.0	0.0	26.5	156.1

* Calculated from the Limit IOC order level
Note: A hyphen (-) indicates that there were no trade attempts from clients using a Limit IOC order in this currency pair with this price tolerance.

Limit IOC Order Fill Rate, by price tolerance setting

Currency Pair	0.0 pips	=< 0.2 pips	=< 0.6 pips	=< 1.0 pips	All
AUDUSD	77.8%	80.5%	92.4%	92.4%	94.2%
EURGBP	74.0%	78.3%	78.3%	97.2%	97.8%
EURJPY	70.5%	78.9%	79.2%	81.2%	98.5%
EURUSD	73.6%	75.1%	75.7%	91.3%	95.2%
GBPJPY	62.1%	62.2%	63.6%	64.1%	92.6%
GBPUSD	72.5%	74.9%	79.7%	81.1%	95.7%
NZDUSD	81.6%	83.1%	95.5%	95.5%	96.1%
USDCAD	75.8%	76.0%	79.3%	79.3%	97.1%
USDCHF	73.1%	74.2%	75.0%	94.0%	96.8%
USDJPY	65.6%	66.9%	67.4%	68.0%	94.6%
	0.0 pips	=< 10 pips	=< 25 pips	=< 50 pips	All
XAGUSD	67.0%	67.0%	67.0%	75.3%	89.8%
	0.0 pips	=< 10 pips	=< 20 pips	=< 30 pips	All
XAUUSD	61.7%	61.9%	61.9%	79.4%	94.6%

Limit IOC Order Execution Speed

Time in Milliseconds	Fill Rate
< 50	98.2%
< 100	99.6%
< 250	99.9%
< 500	99.9%
< 1000	100.0%
Average execution speed in milliseconds	14

Market Order Statistics

Currency Pair	Price Improvement	Zero Slippage	Negative slippage	Average Net Improvement*	Fill Rate
AUDUSD	21.4%	56.3%	22.4%	0.0	100.0%
EURGBP	19.4%	59.9%	20.7%	0.0	100.0%
EURJPY	33.0%	30.4%	36.6%	0.0	100.0%
EURUSD	24.6%	49.1%	26.3%	0.0	100.0%
GBPJPY	32.5%	30.9%	36.6%	-0.1	100.0%
GBPUSD	29.8%	41.9%	28.3%	0.0	100.0%
NZDUSD	17.7%	64.1%	18.2%	0.0	100.0%
USDCAD	23.6%	54.0%	22.4%	0.0	100.0%
USDCHF	21.3%	59.6%	19.1%	0.0	100.0%
USDJPY	30.1%	38.6%	31.3%	0.0	100.0%
XAGUSD	27.2%	44.1%	28.7%	-1.6	100.0%
XAUUSD	36.9%	25.5%	37.6%	-0.3	100.0%

* Average improvement based on all market orders. Calculated from the indicative market price.

Market Order Execution Speed

Time in milliseconds	Fill Rate
< 50	99.0%
< 100	99.8%
< 250	100.0%
< 500	100.0%
< 1000	100.0%
Average execution speed in milliseconds	11

Resting Stop Order Statistics

Currency Pair	No Slippage	Negative Slippage	Average Negative Slippage (pips)*	Average Net Slippage (pips)**
AUDUSD	78.8%	21.2%	0.3	0.1
EURGBP	84.9%	15.1%	0.1	0.0
EURJPY	65.3%	34.7%	0.2	0.1
EURUSD	74.6%	25.4%	0.3	0.1
GBPJPY	52.6%	47.4%	0.2	0.1
GBPUSD	65.5%	34.5%	0.4	0.1
NZDUSD	84.3%	15.7%	0.3	0.1
USDCAD	86.2%	13.8%	0.3	0.0
USDCHF	66.9%	33.1%	0.6	0.2
USDJPY	79.6%	20.4%	0.2	0.0
XAGUSD	10.3%	89.7%	13.9	11.9
XAUUSD	32.9%	67.1%	5.5	3.6

Resting Limit Order Statistics

Currency Pair	Price improvement	Zero Slippage	Average Price Improvement (pips)*	Average Net Price Improvement (pips)**
AUDUSD	27.3%	72.7%	0.4	0.1
EURGBP	19.5%	80.5%	0.3	0.1
EURJPY	39.0%	61.0%	0.2	0.1
EURUSD	25.2%	74.8%	0.3	0.1
GBPJPY	54.7%	45.3%	0.3	0.2
GBPUSD	35.0%	65.0%	0.4	0.1
NZDUSD	20.1%	79.9%	0.7	0.1
USDCAD	18.6%	81.4%	0.3	0.0
USDCHF	28.2%	71.8%	0.6	0.2
USDJPY	35.1%	64.9%	0.3	0.1
XAGUSD	89.8%	10.2%	12.6	11.3
XAUUSD	67.0%	33.0%	6.0	4.1

* Average improvement based on limit orders that were Improvement.
** Average improvement based on all limit orders. Calculated from the limit order level

Market Order

A Market order is a traditional ‘at best’ instruction to trade as much of the order as possible on the best available terms in the market. A Market order will be treated as good for the day. If Saxo believes it is able to execute a Market order immediately from its own liquidity then it will do so. Otherwise it will route the order to a third party to attempt execution. If the order cannot be filled in full immediately, Saxo will continue to work the order until the official close of the relevant market.

Immediate or Cancel (IOC) Market Order

An Immediate or Cancel (IOC) Market order is similar to a standard Market order (described above). It is an instruction to trade immediately on the best available terms, however Saxo will not continue to work the order if it is unable to fill it immediately. If Saxo believes it is able to execute a Market IOC order immediately from its own liquidity then it will do so, otherwise it will route the order to a third party to attempt execution. Where an order has not been filled immediately it will be cancelled.

Eine Limit-Order ist eine Order, um zu einem bestimmten Preis oder, wenn möglich innerhalb eines bestimmten Zeitrahmens, zu handeln.

Limit-Order zum Kauf können nur unterhalb des aktuellen Marktpreises platziert werden.
Limit-Order zum Verkauf können nur oberhalb des aktuellen Marktpreises platziert werden.

Limit-IOC ( Immediate-or-Cancel ) Order – Eine Anweisung, sofort so viel wie möglich zu dem vom Kunden definierten Preis oder besser zu kaufen oder zu verkaufen. Sofort bedeutet, dass die Order mit 3 Sekunden Time-to-Live (TTL) platziert wird. Eine Limit-IOC-Order kann zu Teilausführungen führen. Falls die Order nicht vollständig ausgeführt werden kann, wird jedwede Restmenge storniert.

Resting-Limit-Order - Eine Limit-Order mit variabler Laufzeit (Day, Good-Till-Cancelled usw.), die bei der Saxo Bank bei einem bestimmten Preis ruht, bis sie ausgelöst wird, storniert wird oder verfällt. Eine Resting-Order kann zu Teilausführungen führen. Falls die Order nicht vollständig ausgeführt werden kann, wird sie zur Resting-Order.

Stop Orders

Stop Order werden normalerweise eingesetzt, um eine Position zu schliessen, falls sich der Markt gegenläufig entwickelt, um so einen weiteren Verlust zu verhindern. Mit ihr kann auch eine Position eröffnet werden, wenn sich der Markt über ein bestimmtes Niveau hinweg entwickelt. Ein Stop Order kann eine ähnliche Laufzeit wie eine Limit-Order haben (siehe oben). Eine für den Kauf platzierte Stop Order wird wie «Stop if Bid» (Stop bei Geldkurs) behandelt. Eine für den Verkauf platzierte Stop Order wird wie «Stop if Offer» (Stop bei Angebotskurs) behandelt.

Eine Stop Order für den Verkauf wird ausgelöst, wenn der Angebotskurs das spezifizierte Preisniveau erreicht. Nach der Auslösung wird die Order als Marktorder behandelt.
Eine Stop Order für den Kauf wird ausgelöst, wenn der Geldkurs das spezifizierte Preisniveau erreicht. Nach der Auslösung wird die Order als Marktorder behandelt.

Mit diesem Konzept sollen Sie vor dem Risiko geschützt werden, dass eine Stop Order infolge von sich weitenden Spreads ausgelöst wird, ohne dass sich der Markt tatsächlich bewegt. Dies kann rund um den Zeitpunkt der Veröffentlichung von wirtschaftlichen Statistiken oder in Zeiten geringerer Liquidität passieren, z. B. während der Rollierung eines Valutadatums oder bei Eröffnung und Schliessung des Markts. Sie sollten bedenken, dass dadurch eine Stop Order niemals zum spezifizierten Niveaus ausgeführt wird, sondern immer einen Spread vom Stop-Niveau entfernt. Wenn eine Order mit einer offenen Positionen verbunden sind, wird sie automatisch storniert, sobald die Position geschlossen wird. Der Auslösekurs für eine Stop Order kann so spezifiziert werden, um dem Markt zu folgen. Wenn sich der Markt zu Ihren Gunsten entwickelt, entwickelt sich der Auslösekurs in die gleiche Richtung. Der Auslösekurs für einen Trailing-Stop entwickelt sich in den Schritten, die bei der Platzierung der Order definiert werden.

Stop-Limit-Order

Eine Stop-Limit-Order ruht genau so wie eine Stop Order. Nach der Auslösung wird sie jedoch nicht zum nächsten verfügbaren Preis ausgeführt, sondern wandelt sich in eine Limit-Order mit einem vorab vereinbarten Limit-Kurs. Ab diesem Zeitpunkt wird die Order als Limit-Order behandelt. Diese Art von Order bietet Ihnen einen gewissen Schutz vor einer schlechten Ausübung in einem Markt mit Kurslücken oder einem illiquiden Markt. Trailing-Stop-Limit-Orders sind nicht verfügbar.

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Order driven execution statistics

November 2024

Limit IOC Order Statistics

Limit IOC Order Average Improvement *, by price tolerance setting

Limit IOC Order Fill Rate, by price tolerance setting

Limit IOC Order Execution Speed

Market Order Statistics

Market Order Execution Speed

Resting Stop Order Statistics

Resting Limit Order Statistics

October 2024

Limit IOC Order Statistics

Limit IOC Order Average Improvement *, by price tolerance setting

Limit IOC Order Fill Rate, by price tolerance setting

Limit IOC Order Execution Speed

Market Order Statistics

Market Order Execution Speed

Resting Stop Order Statistics

Resting Limit Order Statistics

September 2024

Limit IOC Order Statistics

Limit IOC Order Average Improvement *, by price tolerance setting

Limit IOC Order Fill Rate, by price tolerance setting

Limit IOC Order Execution Speed

Market Order Statistics

Market Order Execution Speed

Resting Stop Order Statistics

Resting Limit Order Statistics

August 2024

Limit IOC Order Statistics

Limit IOC Order Average Improvement *, by price tolerance setting

Limit IOC Order Fill Rate, by price tolerance setting

Limit IOC Order Execution Speed

Market Order Statistics

Market Order Execution Speed

Resting Stop Order Statistics

Resting Limit Order Statistics

July 2024

Limit IOC Order Statistics

Limit IOC Order Average Improvement *, by price tolerance setting

Limit IOC Order Fill Rate, by price tolerance setting

Limit IOC Order Execution Speed

Market Order Statistics

Market Order Execution Speed

Resting Stop Order Statistics

Resting Limit Order Statistics

June 2024

Limit IOC Order Statistics

Limit IOC Order Average Improvement *, by price tolerance setting

Limit IOC Order Fill Rate, by price tolerance setting

Limit IOC Order Execution Speed

Market Order Statistics

Market Order Execution Speed

Resting Stop Order Statistics

Resting Limit Order Statistics

May 2024

Limit IOC Order Statistics

Limit IOC Order Average Improvement *, by price tolerance setting

Limit IOC Order Fill Rate, by price tolerance setting

Limit IOC Order Execution Speed

Market Order Statistics

Market Order Execution Speed

Resting Stop Order Statistics

Resting Limit Order Statistics

April 2024

Limit IOC Order Statistics

Limit IOC Order Average Improvement *, by price tolerance setting

Limit IOC Order Fill Rate, by price tolerance setting

Limit IOC Order Execution Speed

Market Order Statistics

Market Order Execution Speed

Resting Stop Order Statistics