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 Markets 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 Markets’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 Markets’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 17.0% 67.8% 15.2% 0.0 99.7%
EURGBP 18.2% 66.5% 15.3% 0.0 99.8%
EURJPY 25.4% 53.2% 21.4% 0.0 99.9%
EURUSD 21.4% 61.2% 17.4% 0.0 99.8%
GBPJPY 30.0% 42.1% 27.9% 0.0 98.2%
GBPUSD 23.2% 56.5% 20.4% 0.0 99.7%
NZDUSD 18.2% 67.1% 14.7% 0.0 99.2%
USDCAD 21.8% 59.4% 18.8% 0.0 99.5%
USDCHF 18.1% 67.4% 14.5% 0.0 99.8%
USDJPY 19.3% 62.4% 18.3% 0.0 99.8%
XAGUSD 22.5% 60.9% 16.6% 2.2 96.1%
XAUUSD 31.4% 41.8% 26.8% 0.3 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 0.0 0.2 0.5 0.7 8.1
EURGBP 0.0 0.2 0.3 0.8 7.0
EURJPY 0.1 0.1 0.0 0.0 1.8
EURUSD 0.1 0.1 0.5 1.0 2.4
GBPJPY 0.1 0.2 0.0 1.1 2.3
GBPUSD 0.1 0.2 0.3 1.0 5.0
NZDUSD 0.0 0.1 0.5 0.7 1.8
USDCAD 0.1 0.2 0.4 0.0 2.6
USDCHF 0.0 0.2 0.0 0.9 3.2
USDJPY 0.0 0.1 0.0 1.0 2.2
0.0 PIPS* 1 - 10 PIPS* 11 - 25 PIPS* 25- 50 PIPS* > 51 PIPS*
XAGUSD 7.0 10.0 26.8 48.5 209.2
0.0 PIPS* 1 - 10 PIPS* 11 - 20 PIPS* 21- 30 PIPS* > 31 PIPS*
XAUUSD 2.7 9.5 18.3 0.0 153.8

* 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 79.3% 79.4% 79.4% 96.9% 97.5%
EURGBP 81.9% 86.1% 86.5% 98.5% 98.6%
EURJPY 77.6% 77.4% 77.4% 77.4% 99.2%
EURUSD 76.6% 76.8% 77.1% 79.1% 96.8%
GBPJPY 70.2% 70.1% 70.1% 74.1% 96.1%
GBPUSD 75.8% 76.0% 79.1% 79.6% 97.5%
NZDUSD 78.5% 78.1% 77.9% 97.6% 97.7%
USDCAD 75.4% 76.1% 80.0% 80.0% 97.2%
USDCHF 81.1% 82.0% 82.0% 98.1% 98.1%
USDJPY 78.2% 79.9% 79.9% 80.7% 98.5%
0.0 PIPS =< 10 PIPS =< 25 PIPS =< 50 PIPS All
XAGUSD 74.9% 75.0% 86.6% 92.2% 94.0%
0.0 PIPS =< 10 PIPS =< 20 PIPS =< 30 PIPS All
XAUUSD 69.0% 69.1% 91.2% 91.2% 97.7%

 

Limit IOC Order Execution Speed

Time in Milliseconds Fill Rate
< 50 95.8%
< 100 98.8%
< 250 99.6%
< 500 99.8%
< 1000 99.9%
Average execution speed in milliseconds 24
 

 

Market Order Statistics

Currency Pair Price Improvement Zero Slippage Negative slippage Average Net Improvement* Fill Rate
AUDUSD 18.2% 63.1% 18.7% 0.0 100.0%
EURGBP 17.5% 67.2% 15.3% 0.0 100.0%
EURJPY 26.5% 50.5% 23.0% 0.0 100.0%
EURUSD 19.4% 60.3% 20.4% 0.0 100.0%
GBPJPY 26.6% 44.9% 28.5% 0.0 100.0%
GBPUSD 22.8% 54.2% 22.9% 0.0 100.0%
NZDUSD 16.9% 66.4% 16.7% 0.0 100.0%
USDCAD 19.2% 60.8% 20.0% 0.0 100.0%
USDCHF 16.5% 68.5% 15.0% 0.0 100.0%
USDJPY 19.1% 61.6% 19.3% 0.0 100.0%
XAGUSD 20.3% 58.0% 21.7% -0.6 100.0%
XAUUSD 30.6% 40.3% 29.2% 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 96.7%
< 100 98.8%
< 250 99.4%
< 500 99.5%
< 1000 99.6%
Average execution speed in milliseconds 29

 

Resting Stop Order Statistics

Currency Pair No Slippage Negative Slippage Average Negative Slippage (PIPS)* Average Net Slippage (PIPS)**
AUDUSD 84.9% 15.1% 0.2 0.03
EURGBP 83.7% 16.3% 0.1 0.02
EURJPY 78.4% 21.6% 0.1 0.02
EURUSD 83.4% 16.6% 0.2 0.03
GBPJPY 70.9% 29.1% 0.1 0.04
GBPUSD 72.2% 27.8% 0.2 0.05
NZDUSD 79.6% 20.4% 0.3 0.05
USDCAD 78.4% 21.6% 0.3 0.06
USDCHF 74.3% 25.7% 0.2 0.04
USDJPY 79.6% 20.4% 0.2 0.03
XAGUSD 4.3% 95.7% 10.2 9.61
XAUUSD 40.4% 59.6% 3.1 1.83

* 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 18.3% 81.7% 0.4 0.1
EURGBP 20.4% 79.6% 0.2 0.0
EURJPY 24.0% 76.0% 0.2 0.0
EURUSD 21.8% 78.2% 0.4 0.1
GBPJPY 30.6% 69.4% 0.3 0.1
GBPUSD 28.4% 71.6% 0.4 0.1
NZDUSD 24.9% 75.1% 0.8 0.2
USDCAD 22.3% 77.7% 0.3 0.1
USDCHF 23.5% 76.5% 0.3 0.1
USDJPY 20.9% 79.1% 1.1 0.2
XAGUSD 82.2% 17.8% 11.3 9.3
XAUUSD 58.3% 41.7% 3.6 2.1

* 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 NetSlippage (PIPS)* Fill Rate**
AUDUSD 20.4% 62.9% 16.8% 0.0 99.0%
EURGBP 17.2% 64.9% 17.9% 0.0 100.0%
EURJPY 23.5% 58.2% 18.3% 0.0 99.9%
EURUSD 20.6% 61.0% 18.4% 0.0 99.7%
GBPJPY 27.3% 46.6% 26.1% 0.0 99.5%
GBPUSD 23.7% 56.1% 20.2% 0.0 99.6%
NZDUSD 19.5% 62.7% 17.8% 0.0 99.3%
USDCAD 23.7% 56.2% 20.1% 0.0 99.1%
USDCHF 16.2% 71.8% 12.0% 0.0 99.6%
USDJPY 19.3% 63.1% 17.6% 0.0 99.7%
XAGUSD 19.7% 64.6% 15.7% 1.7 96.0%
XAUUSD 30.4% 44.7% 24.8% 0.3 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 0.1 0.2 0.5 0.7 2.9
EURGBP 0.0 0.2 0.0 0.9 7.7
EURJPY 0.0 0.0 0.0 1.2 1.9
EURUSD 0.1 0.1 0.5 1.0 6.3
GBPJPY 0.1 0.1 0.0 1.2 2.1
GBPUSD 0.1 0.2 0.3 0.9 4.6
NZDUSD 0.0 0.2 0.0 0.7 2.3
USDCAD 0.1 0.2 0.4 0.0 4.1
USDCHF 0.0 0.0 0.5 0.9 8.4
USDJPY 0.0 0.1 0.6 1.1 1.7
0.0 PIPS* 1 - 10 PIPS* 11 - 25 PIPS* 25- 50 PIPS* > 51 PIPS*
XAGUSD 4.4 0.0 26.2 47.3 569.9
0.0 PIPS* 1 - 10 PIPS* 11 - 20 PIPS* 21- 30 PIPS* > 31 PIPS*
XAUUSD 2.1 9.9 18.6 0.0 91.3

* 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% 77.7% 77.8% 95.4% 96.0%
EURGBP 76.2% 77.7% 77.7% 98.6% 98.7%
EURJPY 73.3% 73.3% 73.3% 73.4% 95.7%
EURUSD 75.4% 75.7% 76.4% 78.5% 96.7%
GBPJPY 68.5% 68.6% 68.6% 71.6% 96.5%
GBPUSD 73.8% 74.4% 78.0% 78.4% 96.7%
NZDUSD 75.4% 75.6% 75.6% 98.2% 98.2%
USDCAD 74.7% 75.9% 79.4% 79.4% 96.5%
USDCHF 84.7% 84.7% 85.0% 98.2% 98.3%
USDJPY 79.2% 81.0% 81.2% 81.5% 98.6%
0.0 PIPS =< 10 PIPS =< 25 PIPS =< 50 PIPS All
XAGUSD 77.2% 77.2% 87.8% 93.8% 94.9%
0.0 PIPS =< 10 PIPS =< 20 PIPS =< 30 PIPS All
XAUUSD 69.6% 70.1% 90.7% 90.7% 97.1%

 

Limit IOC Order Execution Speed

Time in Milliseconds Fill Rate
< 50 96.5%
< 100 98.8%
< 250 99.8%
< 500 99.9%
< 1000 99.9%
Average execution speed in milliseconds 21

 

Market Order Statistics

Currency Pair Price Improvement Zero Slippage Negative Slippage Average Net Improvement* Fill Rate
AUDUSD 19.0% 62.5% 18.5% 0.0 100.0%
EURGBP 17.9% 64.6% 17.5% 0.0 100.0%
EURJPY 19.1% 58.8% 22.1% 0.0 100.0%
EURUSD 19.2% 59.7% 21.1% 0.0 100.0%
GBPJPY 26.9% 44.4% 28.7% 0.0 100.0%
GBPUSD 22.5% 55.4% 22.1% 0.0 100.0%
NZDUSD 17.4% 64.8% 17.8% 0.0 100.0%
USDCAD 21.7% 56.9% 21.4% 0.0 100.0%
USDCHF 14.8% 69.7% 15.5% 0.0 100.0%
USDJPY 16.4% 65.4% 18.1% 0.0 100.0%
XAGUSD 17.5% 60.8% 21.7% -1.1 100.0%
XAUUSD 28.8% 43.3% 27.8% -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 97.6%
< 100 99.1%
< 250 99.7%
< 500 99.8%
< 1000 99.9%
Average execution speed in milliseconds 22

 

Resting Stop Order Statistics

Currency Pair No Slippage Negative Slippage Average Negative
Slippage (PIPS)*
Average Net
Slippage (PIPS)**
AUDUSD 81.1% 18.9% 0.2 0.03
EURGBP 84.9% 15.1% 0.1 0.02
EURJPY 74.7% 25.3% 0.1 0.03
EURUSD 78.2% 21.8% 0.3 0.07
GBPJPY 73.8% 26.2% 0.1 0.03
GBPUSD 73.2% 26.8% 0.2 0.06
NZDUSD 78.8% 21.2% 0.2 0.04
USDCAD 76.4% 23.6% 0.2 0.05
USDCHF 71.9% 28.1% 0.2 0.06
USDJPY 74.2% 25.8% 0.4 0.11
XAGUSD 8.8% 91.2% 13.0 11.88
XAUUSD 37.0% 63.0% 9.3 5.84

* 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 16.4% 83.6% 0.4 0.1
EURGBP 17.6% 82.4% 0.2 0.0
EURJPY 19.5% 80.5% 0.2 0.0
EURUSD 17.3% 82.7% 0.4 0.1
GBPJPY 25.7% 74.3% 0.2 0.1
GBPUSD 28.0% 72.0% 0.3 0.1
NZDUSD 19.6% 80.4% 0.3 0.1
USDCAD 22.5% 77.5% 0.3 0.1
USDCHF 26.1% 73.9% 0.2 0.0
USDJPY 18.9% 81.1% 1.6 0.3
XAGUSD 91.9% 8.1% 11.2 10.3
XAUUSD 60.9% 39.1% 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 16.5% 70.5% 13.0% 0.0 99.4%
EURGBP 13.2% 73.4% 13.4% 0.0 99.9%
EURJPY 19.6% 62.3% 18.1% 0.0 99.8%
EURUSD 19.3% 63.4% 17.3% 0.0 99.8%
GBPJPY 23.8% 53.0% 23.3% 0.0 99.5%
GBPUSD 18.6% 65.1% 16.4% 0.0 99.8%
NZDUSD 15.0% 71.5% 13.4% 0.0 98.8%
USDCAD 18.8% 64.3% 16.9% 0.0 99.7%
USDCHF 15.3% 72.3% 12.4% 0.0 99.7%
USDJPY 19.2% 63.1% 17.7% 0.0 99.8%
XAGUSD 21.4% 63.1% 15.5% 2.1 95.5%
XAUUSD 29.8% 47.2% 23.0% 0.4 98.7%

* 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 4.4
EURGBP 0.0 0.2 0.5 0.9 5.0
EURJPY 0.0 0.0 0.0 0.0 1.7
EURUSD 0.0 0.2 0.5 1.0 3.5
GBPJPY 0.1 0.0 0.0 0.9 1.7
GBPUSD 0.1 0.2 0.3 1.0 4.7
NZDUSD 0.0 0.2 0.5 0.7 2.8
USDCAD 0.1 0.2 0.4 0.0 3.3
USDCHF 0.0 0.2 0.0 0.9 4.8
USDJPY 0.0 0.1 0.3 1.0 2.0
0.0 PIPS* 1 - 10 PIPS* 11 - 25 PIPS* 25- 50 PIPS* > 51 PIPS*
XAGUSD 5.1 0.0 26.4 49.1 483.7
0.0 PIPS* 1 - 10 PIPS* 11 - 20 PIPS* 21- 30 PIPS* > 31 PIPS*
XAUUSD 2.4 8.4 18.4 0.0 80.0

* 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 81.7% 81.8% 81.8% 95.9% 96.4%
EURGBP 80.2% 80.7% 80.9% 98.7% 98.6%
EURJPY 72.9% 72.9% 72.9% 72.9% 99.0%
EURUSD 79.2% 79.3% 79.6% 80.5% 97.8%
GBPJPY 78.0% 78.0% 78.0% 81.6% 98.1%
GBPUSD 77.0% 77.3% 79.6% 80.2% 97.3%
NZDUSD 79.8% 80.5% 80.8% 97.5% 97.5%
USDCAD 79.8% 80.6% 83.8% 83.8% 98.7%
USDCHF 82.1% 82.5% 82.5% 98.4% 98.4%
USDJPY 79.3% 80.8% 81.0% 82.3% 99.1%
0.0 PIPS =< 10 PIPS =< 25 PIPS =< 50 PIPS All
XAGUSD 78.3% 78.3% 89.3% 93.2% 94.5%
0.0 PIPS =< 10 PIPS =< 20 PIPS =< 30 PIPS All
XAUUSD 69.7% 69.9% 87.7% 87.7% 96.4%

 

Limit IOC Order Execution Speed

Time in Milliseconds Fill Rate
< 50 96.9%
< 100 98.8%
< 250 99.8%
< 500 99.9%
< 1000 99.9%
Average execution speed in milliseconds 22

 

Market Order Statistics

Currency Pair Price Improvement Zero Slippage Negative
Slippage
Average Net
Improvement*
Fill Rate
AUDUSD 15.4% 69.2% 15.3% 0.0 100.0%
EURGBP 11.5% 73.7% 14.8% 0.0 100.0%
EURJPY 18.0% 62.3% 19.7% 0.0 100.0%
EURUSD 18.0% 63.2% 18.8% 0.0 100.0%
GBPJPY 25.2% 50.9% 23.9% 0.0 100.0%
GBPUSD 19.2% 61.9% 18.9% 0.0 100.0%
NZDUSD 12.3% 76.3% 11.4% 0.0 100.0%
USDCAD 18.2% 63.4% 18.4% 0.0 100.0%
USDCHF 13.3% 74.4% 12.3% 0.0 100.0%
USDJPY 15.8% 67.0% 17.1% 0.0 100.0%
XAGUSD 18.2% 62.0% 19.8% -0.6 100.0%
XAUUSD 28.5% 46.5% 25.0% 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 98.2%
< 100 99.3%
< 250 99.8%
< 500 99.8%
< 1000 99.9%
Average execution speed in milliseconds 22

 

Resting Stop Order Statistics

Currency Pair No Slippage Negative Slippage Average Negative
Slippage (PIPS)*
Average Net
Slippage (PIPS)**
AUDUSD 84.4% 15.6% 0.3 0.04
EURGBP 82.6% 17.4% 0.1 0.02
EURJPY 79.4% 20.6% 0.1 0.03
EURUSD 83.8% 16.2% 0.3 0.04
GBPJPY 73.0% 27.0% 0.2 0.05
GBPUSD 75.5% 24.5% 0.2 0.05
NZDUSD 70.2% 29.8% 0.5 0.15
USDCAD 79.8% 20.2% 0.2 0.04
USDCHF 75.7% 24.3% 0.2 0.06
USDJPY 66.5% 33.5% 0.3 0.11
XAGUSD 11.6% 88.4% 24.2 20.36
XAUUSD 32.3% 67.7% 22.2 14.21

* 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 18.2% 81.8% 0.4 0.1
EURGBP 19.0% 81.0% 0.2 0.0
EURJPY 20.8% 79.2% 0.1 0.0
EURUSD 18.8% 81.2% 0.3 0.1
GBPJPY 23.4% 76.6% 0.2 0.0
GBPUSD 25.0% 75.0% 0.2 0.1
NZDUSD 26.2% 73.8% 0.3 0.1
USDCAD 19.6% 80.4% 0.2 0.0
USDCHF 23.3% 76.7% 0.1 0.0
USDJPY 16.1% 83.9% 0.2 0.0
XAGUSD 89.2% 10.8% 12.2 10.9
XAUUSD 64.2% 35.8% 6.3 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 19.1% 64.0% 16.8% 0.0 99.4%
EURGBP 18.5% 64.3% 17.2% 0.0 99.9%
EURJPY 22.7% 56.3% 21.0% 0.0 99.9%
EURUSD 22.4% 57.3% 20.3% 0.0 99.8%
GBPJPY 27.9% 45.2% 26.9% 0.0 99.8%
GBPUSD 23.9% 54.0% 22.1% 0.0 99.7%
NZDUSD 18.0% 66.7% 15.3% 0.0 97.7%
USDCAD 19.8% 61.2% 19.0% 0.0 99.5%
USDCHF 18.0% 66.3% 15.6% 0.0 99.7%
USDJPY 19.7% 61.9% 18.4% 0.0 99.8%
XAGUSD 23.4% 58.1% 18.5% 1.4 97.2%
XAUUSD 30.3% 45.5% 24.2% 0.2 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 0.0 0.2 0.5 0.7 3.4
EURGBP 0.0 0.2 0.3 0.9 13.1
EURJPY 0.1 0.0 0.0 1.0 1.7
EURUSD 0.1 0.2 0.4 1.0 6.1
GBPJPY 0.1 0.0 0.0 1.0 2.1
GBPUSD 0.1 0.3 0.4 1.1 3.6
NZDUSD 0.0 0.5 0.0 0.7 2.4
USDCAD 0.1 0.2 0.5 1.0 2.1
USDCHF 0.1 0.0 0.0 0.9 3.5
USDJPY 0.0 0.1 0.0 1.0 1.8
0.0 PIPS* 1 - 10 PIPS* 11 - 25 PIPS* 25- 50 PIPS* > 51 PIPS*
XAGUSD 6.2 0.0 27.5 40.4 238.7
0.0 PIPS* 1 - 10 PIPS* 11 - 20 PIPS* 21- 30 PIPS* > 31 PIPS*
XAUUSD 2.1 6.9 18.2 0.0 66.5

* 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 81.1% 82.0% 82.1% 96.4% 97.0%
EURGBP 68.3% 69.3% 70.8% 96.9% 97.1%
EURJPY 72.4% 72.4% 72.4% 72.8% 98.0%
EURUSD 73.5% 73.7% 73.8% 76.1% 96.5%
GBPJPY 67.1% 67.1% 67.1% 71.3% 97.6%
GBPUSD 72.1% 72.5% 74.6% 75.4% 97.3%
NZDUSD 80.8% 80.9% 80.9% 95.4% 96.0%
USDCAD 78.0% 78.5% 79.2% 79.2% 97.6%
USDCHF 81.9% 81.9% 81.9% 98.5% 98.5%
USDJPY 81.8% 83.8% 83.8% 84.2% 98.5%
0.0 PIPS =< 10 PIPS =< 25 PIPS =< 50 PIPS All
XAGUSD 73.5% 73.5% 81.1% 89.6% 94.7%
0.0 PIPS =< 10 PIPS =< 20 PIPS =< 30 PIPS All
XAUUSD 74.2% 74.4% 89.9% 89.9% 97.6%

 

Limit IOC Order Execution Speed

Time in Milliseconds Fill Rate
< 50 97.2%
< 100 98.9%
< 250 99.8%
< 500 99.9%
< 1000 99.9%
Average execution speed in milliseconds 22

 

Market Order Statistics

Currency Pair Price Improvement Zero Slippage Negative Slippage Average Net Improvement* Fill Rate
AUDUSD 17.7% 63.8% 18.5% 0.0 100.0%
EURGBP 18.8% 65.3% 16.0% 0.0 100.0%
EURJPY 19.3% 57.1% 23.7% 0.0 100.0%
EURUSD 20.7% 57.9% 21.5% 0.0 100.0%
GBPJPY 27.7% 43.5% 28.8% 0.0 100.0%
GBPUSD 22.3% 55.1% 22.5% 0.0 100.0%
NZDUSD 15.6% 67.5% 17.0% 0.0 100.0%
USDCAD 18.4% 63.5% 18.1% 0.0 100.0%
USDCHF 17.1% 64.9% 18.1% 0.0 100.0%
USDJPY 17.2% 63.7% 19.1% 0.0 100.0%
XAGUSD 21.2% 58.3% 20.5% 0.0 100.0%
XAUUSD 28.4% 44.9% 26.7% -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 97.7%
< 100 99.2%
< 250 99.7%
< 500 99.8%
< 1000 99.9%
Average execution speed in milliseconds 23

 

Resting Stop Order Statistics

Currency Pair No Slippage Negative Slippage Average Negative
Slippage (PIPS)*
Average Net
Slippage (PIPS)**
AUDUSD 85.9% 14.1% 0.2 0.02
EURGBP 86.2% 13.8% 0.2 0.02
EURJPY 77.7% 22.3% 0.1 0.02
EURUSD 82.1% 17.9% 0.5 0.09
GBPJPY 72.5% 27.5% 0.1 0.04
GBPUSD 76.3% 23.7% 0.2 0.05
NZDUSD 74.7% 25.3% 0.4 0.09
USDCAD 80.3% 19.7% 0.2 0.04
USDCHF 78.4% 21.6% 0.2 0.05
USDJPY 73.9% 26.1% 0.3 0.08
XAGUSD 9.8% 90.2% 11.5 10.34
XAUUSD 34.6% 65.4% 6.3 4.09

* 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 15.1% 84.9% 0.2 0.0
EURGBP 15.4% 84.6% 0.1 0.0
EURJPY 21.0% 79.0% 0.2 0.0
EURUSD 18.3% 81.7% 0.3 0.1
GBPJPY 29.2% 70.8% 0.2 0.0
GBPUSD 23.9% 76.1% 0.2 0.1
NZDUSD 27.8% 72.2% 0.4 0.1
USDCAD 19.2% 80.8% 0.2 0.0
USDCHF 22.4% 77.6% 0.2 0.1
USDJPY 15.8% 84.2% 0.2 0.0
XAGUSD 93.1% 6.9% 12.2 11.3
XAUUSD 63.3% 36.7% 5.1 3.2

* 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 20.0% 63.3% 16.8% 0.0 99.4%
EURGBP 18.3% 64.9% 16.8% 0.0 99.8%
EURJPY 22.3% 57.0% 20.8% 0.0 99.9%
EURUSD 22.1% 58.2% 19.8% 0.0 99.7%
GBPJPY 27.7% 46.1% 26.2% 0.0 99.8%
GBPUSD 24.5% 54.1% 21.5% 0.0 99.4%
NZDUSD 14.3% 70.2% 15.5% 0.0 98.9%
USDCAD 18.7% 63.8% 17.5% 0.0 99.6%
USDCHF 17.6% 68.4% 14.0% 0.0 99.8%
USDJPY 17.7% 64.7% 17.6% 0.0 99.7%
XAGUSD 26.4% 54.0% 19.6% 2.2 96.0%
XAUUSD 34.9% 34.4% 30.7% 0.3 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 0.3 0.8 5.1
EURGBP 0.0 0.0 0.0 0.9 6.3
EURJPY 0.1 0.0 0.0 0.0 1.5
EURUSD 0.1 0.2 0.5 1.0 3.6
GBPJPY 0.1 0.0 0.0 0.9 1.9
GBPUSD 0.1 0.2 0.3 1.0 4.9
NZDUSD 0.1 0.2 0.5 0.7 2.6
USDCAD 0.1 0.2 0.5 0.0 2.2
USDCHF 0.0 0.2 0.0 0.9 2.9
USDJPY 0.0 0.1 0.4 1.0 3.0
0.0 PIPS* 1 - 10 PIPS* 11 - 25 PIPS* 25- 50 PIPS* > 51 PIPS*
XAGUSD 7.5 0.0 28.7 31.0 202.1
0.0 PIPS* 1 - 10 PIPS* 11 - 20 PIPS* 21- 30 PIPS* > 31 PIPS*
XAUUSD 3.2 4.6 19.0 25.0 102.3

* 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 79.7% 80.0% 80.2% 96.6% 97.0%
EURGBP 79.3% 79.3% 79.3% 97.9% 98.1%
EURJPY 75.6% 75.6% 75.6% 75.6% 98.3%
EURUSD 74.8% 75.0% 75.3% 76.8% 96.4%
GBPJPY 76.7% 76.7% 76.7% 78.2% 98.7%
GBPUSD 71.9% 72.6% 73.9% 74.4% 96.5%
NZDUSD 91.2% 90.8% 91.1% 98.5% 98.7%
USDCAD 78.1% 78.1% 78.3% 78.3% 96.7%
USDCHF 83.7% 83.8% 83.8% 97.3% 97.4%
USDJPY 80.4% 82.3% 82.4% 82.6% 98.8%
0.0 PIPS =< 10 PIPS =< 25 PIPS =< 50 PIPS All
XAGUSD 71.7% 71.7% 71.7% 81.9% 93.0%
0.0 PIPS =< 10 PIPS =< 20 PIPS =< 30 PIPS All
XAUUSD 64.0% 64.0% 89.0% 89.0% 96.6%

 

Limit IOC Order Execution Speed

Time in Milliseconds Fill Rate
< 50 96.4%
< 100 99.0%
< 250 99.9%
< 500 99.9%
< 1000 100.0%
Average execution speed in milliseconds 22

 

Market Order Statistics

Currency Pair Price Improvement Zero Slippage Negative Slippage Average Net
Improvement*
Fill Rate
AUDUSD 16.7% 64.6% 18.7% 0.0 100.0%
EURGBP 19.0% 63.6% 17.4% 0.0 100.0%
EURJPY 21.4% 55.6% 23.0% 0.0 100.0%
EURUSD 20.2% 57.9% 22.0% 0.0 100.0%
GBPJPY 26.4% 48.9% 24.8% 0.0 100.0%
GBPUSD 23.7% 52.9% 23.4% 0.0 100.0%
NZDUSD 15.5% 70.0% 14.4% 0.0 100.0%
USDCAD 17.8% 64.8% 17.4% 0.0 100.0%
USDCHF 15.5% 67.7% 16.8% 0.0 100.0%
USDJPY 17.9% 64.1% 18.0% 0.0 100.0%
XAGUSD 24.6% 50.7% 24.7% 0.4 100.0%
XAUUSD 34.1% 34.4% 31.5% 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 97.7%
< 100 99.2%
< 250 99.7%
< 500 99.8%
< 1000 99.9%
Average execution speed in milliseconds 22

 

Resting Stop Order Statistics

Currency Pair No Slippage Negative Slippage Average Negative
Slippage (PIPS)*
Average Net
Slippage (PIPS)**
AUDUSD 82.0% 18.0% 0.3 0.05
EURGBP 87.7% 12.3% 0.1 0.01
EURJPY 77.5% 22.5% 0.1 0.03
EURUSD 82.0% 18.0% 0.2 0.04
GBPJPY 70.5% 29.5% 0.2 0.04
GBPUSD 76.1% 23.9% 0.2 0.04
NZDUSD 71.1% 28.9% 0.2 0.07
USDCAD 83.1% 16.9% 0.2 0.03
USDCHF 74.5% 25.5% 0.2 0.06
USDJPY 70.1% 29.9% 0.3 0.09
XAGUSD 7.3% 92.7% 11.5 10.58
XAUUSD 35.6% 64.4% 6.8 4.39

* 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 18.0% 82.0% 0.3 0.1
EURGBP 15.3% 84.7% 0.1 0.0
EURJPY 20.0% 80.0% 0.1 0.0
EURUSD 18.9% 81.1% 0.2 0.0
GBPJPY 26.8% 73.2% 0.2 0.1
GBPUSD 25.3% 74.7% 0.2 0.0
NZDUSD 26.0% 74.0% 0.2 0.1
USDCAD 16.3% 83.7% 0.2 0.0
USDCHF 25.9% 74.1% 0.3 0.1
USDJPY 15.3% 84.7% 0.2 0.0
XAGUSD 95.3% 4.7% 10.8 10.3
XAUUSD 60.0% 40.0% 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 21.2% 62.9% 15.9% 0.0 99.2%
EURGBP 17.7% 64.4% 17.9% 0.0 99.9%
EURJPY 24.2% 54.5% 21.3% 0.0 99.6%
EURUSD 22.5% 57.0% 20.5% 0.0 99.7%
GBPJPY 26.8% 47.2% 26.0% 0.0 99.7%
GBPUSD 23.7% 54.4% 21.9% 0.0 99.6%
NZDUSD 14.7% 71.3% 14.1% 0.0 99.1%
USDCAD 20.8% 62.0% 17.2% 0.0 99.7%
USDCHF 17.6% 69.6% 12.8% 0.0 99.9%
USDJPY 19.7% 61.8% 18.4% 0.0 99.7%
XAGUSD 25.5% 54.8% 19.7% 2.7 93.6%
XAUUSD 35.8% 34.0% 30.3% 0.5 98.3%

* 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 0.8 6.1
EURGBP 0.0 0.0 0.3 0.9 6.3
EURJPY 0.0 0.0 0.0 0.0 1.4
EURUSD 0.1 0.2 0.5 1.0 4.1
GBPJPY 0.1 0.0 0.0 1.2 2.3
GBPUSD 0.1 0.2 0.3 0.9 5.2
NZDUSD 0.0 0.2 0.5 0.7 2.7
USDCAD 0.1 0.2 0.4 0.0 2.1
USDCHF 0.0 0.0 0.0 0.9 3.8
USDJPY 0.1 0.1 0.2 1.1 2.0
  0.0 PIPS* 1 - 10 PIPS* 11 - 25 PIPS* 25- 50 PIPS* > 51 PIPS*
XAGUSD 8.0 10.2 0.0 32.0 331.7
  0.0 PIPS* 1 - 10 PIPS* 11 - 20 PIPS* 21- 30 PIPS* > 31 PIPS*
XAUUSD 3.0 3.0 18.7 36.7 195.1

* 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 79.2% 79.6% 79.7% 93.6% 94.2%
EURGBP 75.4% 75.4% 75.7% 99.0% 99.0%
EURJPY 76.6% 76.6% 76.6% 76.6% 98.9%
EURUSD 76.1% 76.4% 76.5% 78.4% 97.0%
GBPJPY 63.8% 63.8% 63.8% 64.6% 97.5%
GBPUSD 73.2% 73.8% 77.2% 77.4% 97.2%
NZDUSD 85.8% 86.0% 86.1% 98.1% 98.3%
USDCAD 76.5% 76.6% 76.8% 76.8% 96.4%
USDCHF 80.0% 80.0% 80.0% 97.3% 97.3%
USDJPY 76.5% 77.6% 77.8% 78.0% 97.7%
  0.0 PIPS =< 10 PIPS =< 25 PIPS =< 50 PIPS All
XAGUSD 69.6% 69.6% 69.6% 85.0% 91.7%
  0.0 PIPS =< 10 PIPS =< 20 PIPS =< 30 PIPS All
XAUUSD 61.4% 61.5% 90.4% 90.4% 95.0%

 

Limit IOC Order Execution Speed

Time in Milliseconds Fill Rate
< 50 95.9%
< 100 98.8%
< 250 99.8%
< 500 99.9%
< 1000 100.0%
Average execution speed in milliseconds 23

 

Market Order Statistics

Currency Pair Price Improvement Zero Slippage Negative slippage Average Net Improvement* Fill Rate
AUDUSD 20.2% 59.5% 20.3% 0.0 100.0%
EURGBP 15.8% 66.4% 17.8% 0.0 100.0%
EURJPY 21.8% 56.4% 21.8% 0.0 100.0%
EURUSD 21.7% 56.1% 22.2% 0.0 100.0%
GBPJPY 23.8% 47.8% 28.4% 0.0 100.0%
GBPUSD 23.4% 52.3% 24.3% 0.0 100.0%
NZDUSD 13.2% 72.4% 14.3% 0.0 100.0%
USDCAD 19.0% 61.1% 19.9% 0.0 100.0%
USDCHF 16.9% 68.7% 14.4% 0.0 100.0%
USDJPY 17.1% 65.8% 17.0% 0.0 100.0%
XAGUSD 24.2% 51.3% 24.5% -0.1 100.0%
XAUUSD 33.2% 34.2% 32.7% 0.0 100.0%

 

Market Order Execution Speed

Time in milliseconds Fill Rate
< 50 97.3%
< 100 99.2%
< 250 99.7%
< 500 99.8%
< 1000 99.9%
Average execution speed in milliseconds 23

 

Resting Stop Order Statistics

Currency Pair No Slippage Negative Slippage Average Negative Slippage (PIPS)* Average Net Slippage (PIPS)**
AUDUSD 84.4% 15.6% 0.2 0.03
EURGBP 82.5% 17.5% 0.1 0.02
EURJPY 82.0% 18.0% 0.1 0.02
EURUSD 81.2% 18.8% 0.3 0.05
GBPJPY 72.0% 28.0% 0.2 0.05
GBPUSD 70.5% 29.5% 0.2 0.07
NZDUSD 68.5% 31.5% 0.1 0.04
USDCAD 80.7% 19.3% 0.2 0.04
USDCHF 79.2% 20.8% 0.2 0.04
USDJPY 74.4% 25.6% 0.2 0.06
XAGUSD 8.0% 92.0% 11.1 10.20
XAUUSD 48.1% 51.9% 6.1 3.09

* 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 16.9% 83.1% 0.2 0.0
EURGBP 18.3% 81.7% 0.1 0.0
EURJPY 21.4% 78.6% 0.1 0.0
EURUSD 19.2% 80.8% 0.2 0.0
GBPJPY 27.7% 72.3% 0.1 0.0
GBPUSD 29.0% 71.0% 0.2 0.1
NZDUSD 24.8% 75.2% 0.2 0.1
USDCAD 18.1% 81.9% 0.2 0.0
USDCHF 25.8% 74.2% 0.2 0.1
USDJPY 17.3% 82.7% 0.2 0.0
XAGUSD 95.1% 4.9% 10.8 10.2
XAUUSD 52.3% 47.7% 5.1 2.6

* 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 18.4% 67.5% 14.1% 0.0 99.6%
EURGBP 17.5% 67.1% 15.4% 0.0 99.9%
EURJPY 21.2% 58.9% 19.9% 0.0 99.9%
EURUSD 18.2% 65.8% 16.0% 0.0 99.8%
GBPJPY 25.0% 53.4% 21.6% 0.0 99.7%
GBPUSD 18.2% 64.0% 17.8% 0.0 99.7%
NZDUSD 13.4% 76.8% 9.8% 0.0 98.9%
USDCAD 17.5% 68.1% 14.4% 0.0 99.7%
USDCHF 15.5% 73.9% 10.6% 0.0 99.7%
USDJPY 15.5% 69.7% 14.8% 0.0 99.9%
XAGUSD 22.1% 60.5% 17.4% 2.0 94.8%
XAUUSD 33.4% 37.3% 29.3% 0.3 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 0.8 4.8
EURGBP 0.0 0.3 0.4 0.9 8.0
EURJPY 0.1 0.0 0.0 1.1 1.8
EURUSD 0.0 0.2 0.5 1.0 1.9
GBPJPY 0.1 0.0 0.0 1.0 2.5
GBPUSD 0.1 0.2 0.4 1.0 3.0
NZDUSD 0.1 0.2 0.5 0.7 2.1
USDCAD 0.1 0.3 0.4 1.0 2.2
USDCHF 0.0 0.2 0.0 0.9 33.9
USDJPY 0.0 0.1 0.4 1.0 2.3
0.0 PIPS* 1 - 10 PIPS* 11 - 25 PIPS* 25- 50 PIPS* > 51 PIPS*
XAGUSD 4.3 10.8 26.6 29.9 741.4
0.0 PIPS* 1 - 10 PIPS* 11 - 20 PIPS* 21- 30 PIPS* > 31 PIPS*
XAUUSD 2.1 5.5 17.8 30.6 912.9

* 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 81.9% 82.5% 82.5% 96.0% 96.3%
EURGBP 78.8% 81.4% 81.5% 98.9% 99.0%
EURJPY 74.7% 74.7% 74.7% 76.0% 98.9%
EURUSD 80.0% 80.3% 80.5% 82.5% 97.2%
GBPJPY 71.0% 71.0% 71.0% 78.4% 98.6%
GBPUSD 78.0% 78.3% 80.2% 80.9% 97.4%
NZDUSD 81.5% 82.3% 83.2% 97.6% 97.8%
USDCAD 80.2% 80.4% 80.5% 80.9% 96.8%
USDCHF 85.6% 86.0% 86.0% 98.1% 98.2%
USDJPY 81.8% 81.7% 81.9% 82.4% 98.5%
0.0 PIPS =< 10 PIPS =< 25 PIPS =< 50 PIPS ALL
XAGUSD 79.0% 79.3% 91.0% 92.1% 93.8%
0.0 PIPS =< 10 PIPS =< 20 PIPS =< 30 PIPS ALL
XAUUSD 65.0% 65.7% 95.5% 95.5% 96.4%

 

Limit IOC Order Execution Speed

Time in Milliseconds Fill Rate
< 50 94.5%
< 100 98.5%
< 250 99.8%
< 500 99.9%
< 1000 100.0%
Average execution speed in milliseconds 26

 

Market Order Statistics

Currency Pair Price Improvement Zero Slippage Negative slippage Average Net Improvement* Fill Rate
AUDUSD 16.5% 65.9% 17.5% 0.0 100.0%
EURGBP 16.0% 67.6% 16.4% 0.0 100.0%
EURJPY 20.9% 59.4% 19.7% 0.0 100.0%
EURUSD 17.0% 65.5% 17.6% 0.0 100.0%
GBPJPY 21.4% 55.8% 22.8% 0.0 100.0%
GBPUSD 17.5% 63.8% 18.7% 0.0 100.0%
NZDUSD 13.4% 73.9% 12.6% 0.0 100.0%
USDCAD 14.1% 70.4% 15.5% 0.0 100.0%
USDCHF 11.8% 74.0% 14.2% 0.0 100.0%
USDJPY 14.0% 72.1% 13.9% 0.0 100.0%
XAGUSD 21.8% 54.0% 24.2% -0.4 100.0%
XAUUSD 32.1% 36.2% 31.7% 0.0 100.0%

 

Market Order Execution Speed

Time in milliseconds Fill Rate
< 50 96.1%
< 100 99.0%
< 250 99.8%
< 500 99.9%
< 1000 100.0%
Average execution speed in milliseconds 25

 

Resting Stop Order Statistics

Currency Pair No Slippage Negative Slippage Average Negative Slippage (PIPS)* Average Net Slippage (PIPS)**
AUDUSD 79.9% 20.1% 0.2 0.03
EURGBP 83.4% 16.6% 0.1 0.02
EURJPY 72.7% 27.3% 0.3 0.09
EURUSD 75.2% 24.8% 0.4 0.09
GBPJPY 61.2% 38.8% 0.3 0.10
GBPUSD 68.7% 31.3% 0.2 0.05
NZDUSD 72.7% 27.3% 0.2 0.04
USDCAD 77.1% 22.9% 0.3 0.06
USDCHF 76.4% 23.6% 0.1 0.03
USDJPY 72.7% 27.3% 0.2 0.06
XAGUSD 5.9% 94.1% 12.9 12.07
XAUUSD 41.8% 58.2% 3.5 2.04

* 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 19.8% 80.2% 0.2 0.0
EURGBP 19.5% 80.5% 0.2 0.0
EURJPY 17.4% 82.6% 0.1 0.0
EURUSD 18.5% 81.5% 0.2 0.0
GBPJPY 31.4% 68.6% 0.2 0.1
GBPUSD 28.7% 71.3% 0.2 0.0
NZDUSD 21.2% 78.8% 0.2 0.0
USDCAD 27.1% 72.9% 0.3 0.1
USDCHF 23.8% 76.2% 0.2 0.0
USDJPY 18.9% 81.1% 0.2 0.0
XAGUSD 95.0% 5.0% 11.0 10.4
XAUUSD 55.1% 44.9% 3.2 1.8

* 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 25.3% 56.4% 18.4% 0.0 99.2%
EURGBP 17.5% 64.5% 18.0% 0.0 99.7%
EURJPY 23.7% 56.5% 19.8% 0.0 99.8%
EURUSD 21.3% 60.5% 18.3% 0.0 99.8%
GBPJPY 25.7% 50.5% 23.9% 0.0 99.7%
GBPUSD 21.1% 59.5% 19.4% 0.0 99.5%
NZDUSD 16.7% 69.0% 14.3% 0.0 98.8%
USDCAD 23.6% 54.1% 22.3% 0.0 99.8%
USDCHF 16.0% 71.9% 12.1% 0.0 99.4%
USDJPY 18.3% 65.1% 16.6% 0.0 99.8%
XAGUSD 29.1% 50.5% 20.3% 3.6 91.5%
XAUUSD 37.9% 28.8% 33.3% 0.5 97.4%

* 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 3.6
EURGBP 0.0 0.2 0.3 0.9 8.7
EURJPY 0.1 0.2 0.0 0.0 1.5
EURUSD 0.1 0.2 0.5 1.0 1.7
GBPJPY 0.1 0.2 0.0 1.1 4.2
GBPUSD 0.1 0.2 0.3 1.0 3.2
NZDUSD 0.0 0.0 0.5 0.7 2.0
USDCAD 0.1 0.2 0.4 0.8 2.3
USDCHF 0.0 0.3 0.0 0.9 2.9
USDJPY 0.1 0.1 0.5 1.0 2.8
0.0 PIPS* 1 - 10 PIPS* 11 - 25 PIPS* 25- 50 PIPS* > 51 PIPS*
XAGUSD 8.6 17.3 29.6 31.2 874.9
0.0 PIPS* 1 - 10 PIPS* 11 - 20 PIPS* 21- 30 PIPS* > 31 PIPS*
XAUUSD 3.3 7.9 17.4 28.5 453.2

* 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 73.5% 73.6% 73.6% 91.0% 92.1%
EURGBP 80.0% 81.7% 82.6% 99.0% 99.0%
EURJPY 74.2% 75.0% 75.0% 75.0% 98.9%
EURUSD 77.2% 77.5% 77.7% 81.7% 96.9%
GBPJPY 73.5% 73.8% 73.8% 80.2% 98.7%
GBPUSD 76.0% 76.6% 79.1% 80.2% 97.5%
NZDUSD 80.4% 80.4% 81.3% 96.9% 97.3%
USDCAD 74.5% 74.8% 74.8% 74.8% 96.9%
USDCHF 83.7% 83.8% 83.8% 97.8% 97.9%
USDJPY 78.8% 79.8% 81.6% 82.7% 98.3%
0.0 PIPS =< 10 PIPS =< 25 PIPS =< 50 PIPS All
XAGUSD 70.8% 70.8% 84.1% 87.1% 89.9%
0.0 PIPS =< 10 PIPS =< 20 PIPS =< 30 PIPS All
XAUUSD 59.2% 60.7% 93.7% 93.7% 94.8%

 

Limit IOC Order Execution Speed

Time in Milliseconds Fill Rate
< 50 94.1%
< 100 98.5%
< 250 99.8%
< 500 99.9%
< 1000 100.0%
Average execution speed in milliseconds 27

 

Market Order Statistics

Currency Pair Price Improvement Zero Slippage Negative Slippage Average Net Improvement* Fill Rate
AUDUSD 23.1% 53.0% 23.9% 0.0 100.0%
EURGBP 16.5% 66.6% 16.9% 0.0 100.0%
EURJPY 19.8% 60.9% 19.3% 0.0 100.0%
EURUSD 23.2% 56.7% 20.1% 0.0 100.0%
GBPJPY 22.2% 52.6% 25.2% 0.0 100.0%
GBPUSD 20.7% 59.3% 20.1% 0.0 100.0%
NZDUSD 13.2% 72.5% 14.3% 0.0 100.0%
USDCAD 21.9% 56.0% 22.1% 0.0 100.0%
USDCHF 14.1% 73.5% 12.4% 0.0 100.0%
USDJPY 16.2% 67.9% 15.9% 0.0 100.0%
XAGUSD 26.9% 46.7% 26.4% 0.3 100.0%
XAUUSD 36.1% 27.6% 36.3% -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 94.7%
< 100 98.7%
< 250 99.7%
< 500 99.9%
< 1000 100.0%
Average execution speed in milliseconds 27

 

Resting Stop Order Statistics

Currency Pair No Slippage Negative Slippage Average Negative Slippage (PIPS)* Average Net Slippage (PIPS)**
AUDUSD 80.9% 19.1% 0.2 0.03
EURGBP 84.6% 15.4% 0.1 0.02
EURJPY 76.5% 23.5% 0.4 0.09
EURUSD 66.5% 33.5% 1.1 0.37
GBPJPY 67.6% 32.4% 0.5 0.15
GBPUSD 70.9% 29.1% 0.2 0.05
NZDUSD 75.2% 24.8% 0.8 0.20
USDCAD 80.3% 19.7% 0.2 0.05
USDCHF 77.6% 22.4% 0.2 0.04
USDJPY 72.7% 27.3% 0.2 0.06
XAGUSD 6.6% 93.4% 14.1 13.16
XAUUSD 37.3% 62.7% 4.7 2.94

* 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 19.5% 80.5% 0.2 0.0
EURGBP 17.2% 82.8% 0.2 0.0
EURJPY 23.9% 76.1% 0.7 0.2
EURUSD 21.3% 78.7% 0.2 0.0
GBPJPY 27.3% 72.7% 0.2 0.1
GBPUSD 30.5% 69.5% 0.3 0.1
NZDUSD 24.9% 75.1% 0.2 0.1
USDCAD 18.4% 81.6% 0.2 0.0
USDCHF 23.8% 76.2% 0.2 0.0
USDJPY 20.5% 79.5% 0.3 0.1
XAGUSD 95.9% 4.1% 11.6 11.1
XAUUSD 60.7% 39.3% 5.5 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 24.6% 57.9% 17.5% 0.0 99.5%
EURGBP 16.1% 69.0% 14.8% 0.0 99.9%
EURJPY 20.9% 59.3% 19.8% 0.0 99.9%
EURUSD 19.6% 63.6% 16.8% 0.0 99.8%
GBPJPY 25.4% 51.8% 22.8% 0.0 99.8%
GBPUSD 21.4% 59.9% 18.7% 0.0 99.5%
NZDUSD 13.8% 71.3% 14.9% 0.0 99.5%
USDCAD 20.0% 62.1% 17.8% 0.0 99.8%
USDCHF 13.6% 74.3% 12.1% 0.0 99.8%
USDJPY 14.5% 71.9% 13.6% 0.0 99.9%
XAGUSD 30.0% 53.0% 17.0% 7.1 87.1%
XAUUSD 36.6% 32.6% 30.8% 0.6 97.6%

* 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 0.5 0.8 2.4
EURGBP 0.0 0.2 0.3 0.9 10.4
EURJPY 0.1 0.0 0.0 1.0 1.5
EURUSD 0.0 0.2 0.5 1.0 2.0
GBPJPY 0.1 0.0 0.0 1.2 6.3
GBPUSD 0.1 0.2 0.4 1.0 3.4
NZDUSD 0.0 0.2 0.5 0.7 2.7
USDCAD 0.1 0.2 0.6 1.0 2.3
USDCHF 0.0 0.2 0.0 0.9 7.1
USDJPY 0.0 0.1 0.0 1.0 2.7
0.0 PIPS* 1 - 10 PIPS* 11 - 25 PIPS* 25- 50 PIPS* > 51 PIPS*
XAGUSD 10.9 21.6 14.1 35.4 1311.3
0.0 PIPS* 1 - 10 PIPS* 11 - 20 PIPS* 21- 30 PIPS* > 31 PIPS*
XAUUSD 3.2 5.5 18.4 0.0 427.1

* 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 73.8% 74.0% 74.3% 92.4% 92.9%
EURGBP 82.3% 82.6% 83.1% 98.8% 98.8%
EURJPY 79.1% 79.1% 79.1% 79.5% 98.9%
EURUSD 78.3% 79.6% 79.6% 81.1% 97.0%
GBPJPY 75.9% 75.9% 75.9% 77.2% 98.7%
GBPUSD 79.1% 79.3% 80.4% 80.8% 97.2%
NZDUSD 84.5% 85.0% 85.5% 98.2% 98.3%
USDCAD 78.9% 79.1% 79.3% 79.5% 97.6%
USDCHF 83.7% 83.9% 83.9% 98.7% 98.8%
USDJPY 84.4% 85.9% 85.9% 95.0% 98.7%
0.0 PIPS =< 10 PIPS =< 25 PIPS =< 50 PIPS All
XAGUSD 70.2% 70.4% 70.4% 83.4% 86.0%
0.0 PIPS =< 10 PIPS =< 20 PIPS =< 30 PIPS All
XAUUSD 61.0% 61.3% 92.6% 92.6% 94.0%

 

Limit IOC Order Execution Speed

Time in Milliseconds Fill Rate
< 50 89.9%
< 100 98.0%
< 250 99.8%
< 500 99.9%
< 1000 100.0%
Average execution speed in milliseconds 31

 

Market Order Statistics

Currency Pair Price Improvement Zero Slippage Negative Slippage Average Net Improvement* Fill Rate
AUDUSD 21.0% 56.1% 22.9% 0.0 100.0%
EURGBP 16.3% 67.8% 15.9% 0.0 100.0%
EURJPY 21.0% 59.3% 19.7% 0.0 100.0%
EURUSD 19.6% 62.1% 18.3% 0.0 100.0%
GBPJPY 23.0% 53.9% 23.0% 0.0 100.0%
GBPUSD 20.1% 60.1% 19.8% 0.0 100.0%
NZDUSD 14.6% 70.0% 15.4% 0.0 100.0%
USDCAD 15.8% 66.4% 17.7% 0.0 100.0%
USDCHF 13.7% 76.6% 9.8% 0.0 100.0%
USDJPY 13.5% 73.0% 13.5% 0.0 100.0%
XAGUSD 26.2% 46.7% 27.1% -1.2 100.0%
XAUUSD 34.1% 32.8% 33.1% 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 91.0%
< 100 97.9%
< 250 99.3%
< 500 99.7%
< 1000 100.0%
Average execution speed in milliseconds 32

 

Resting Stop Order Statistics

Currency Pair No Slippage Negative Slippage Average Negative Slippage (PIPS)* Average Net Slippage (PIPS)**
AUDUSD 78.9% 21.1% 0.2 0.04
EURGBP 79.9% 20.1% 0.2 0.03
EURJPY 76.5% 23.5% 0.2 0.04
EURUSD 74.4% 25.6% 0.3 0.06
GBPJPY 66.8% 33.2% 0.3 0.08
GBPUSD 66.9% 33.1% 0.2 0.07
NZDUSD 75.3% 24.7% 0.2 0.04
USDCAD 80.7% 19.3% 0.2 0.04
USDCHF 77.8% 22.2% 0.2 0.04
USDJPY 74.0% 26.0% 0.2 0.06
XAGUSD 5.8% 94.2% 61.4 56.62
XAUUSD 33.7% 66.3% 9.1 5.93

* 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 18.4% 81.6% 0.2 0.0
EURGBP 22.6% 77.4% 0.2 0.1
EURJPY 28.5% 71.5% 0.1 0.0
EURUSD 20.3% 79.7% 0.2 0.0
GBPJPY 25.2% 74.8% 0.3 0.1
GBPUSD 32.4% 67.6% 0.2 0.1
NZDUSD 26.5% 73.5% 0.2 0.0
USDCAD 21.0% 79.0% 0.2 0.0
USDCHF 19.9% 80.1% 0.2 0.0
USDJPY 17.4% 82.6% 0.2 0.0
XAGUSD 97.6% 2.4% 37.8 36.9
XAUUSD 66.0% 34.0% 8.8 5.8

* 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 24.2% 56.5% 19.3% 0.0 99.5%
EURGBP 18.9% 62.7% 18.4% 0.0 99.8%
EURJPY 21.3% 56.1% 22.6% 0.0 99.8%
EURUSD 21.3% 60.1% 18.6% 0.0 99.8%
GBPJPY 26.5% 49.3% 24.3% 0.0 99.7%
GBPUSD 24.9% 53.1% 22.0% 0.0 99.6%
NZDUSD 18.0% 64.3% 17.7% 0.0 99.1%
USDCAD 18.2% 65.1% 16.7% 0.0 99.8%
USDCHF 15.1% 71.0% 13.9% 0.0 99.7%
USDJPY 16.0% 69.8% 14.2% 0.0 99.8%
XAGUSD 29.5% 54.3% 16.2% 7.1 87.3%
XAUUSD 33.6% 38.6% 27.8% 0.7 97.0%

* 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 0.5 0.8 3.1
EURGBP 0.0 0.2 0.4 0.9 8.1
EURJPY 0.1 0.0 0.0 1.0 1.4
EURUSD 0.1 0.2 0.4 1.0 4.8
GBPJPY 0.1 0.0 0.0 0.0 6.4
GBPUSD 0.1 0.2 0.3 1.0 4.1
NZDUSD 0.0 0.0 0.5 0.7 3.8
USDCAD 0.1 0.2 0.5 0.0 3.0
USDCHF 0.0 0.2 0.6 0.9 2.9
USDJPY 0.0 0.1 0.5 1.0 6.2
0.0 PIPS* 1 - 10 PIPS* 11 - 25 PIPS* 25- 50 PIPS* > 51 PIPS*
XAGUSD 10.5 12.4 31.5 36.3 299.0
0.0 PIPS* 1 - 10 PIPS* 11 - 20 PIPS* 21- 30 PIPS* > 31 PIPS*
XAUUSD 3.5 7.5 19.3 0.0 557.0

* 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 71.6% 71.7% 72.8% 93.2% 93.7%
EURGBP 77.8% 78.2% 78.8% 98.6% 98.7%
EURJPY 70.0% 70.0% 70.0% 73.1% 99.0%
EURUSD 75.3% 75.9% 76.0% 77.6% 96.3%
GBPJPY 68.0% 68.0% 68.0% 68.0% 97.5%
GBPUSD 74.2% 74.3% 75.3% 76.2% 96.7%
NZDUSD 88.9% 88.9% 89.4% 98.7% 98.8%
USDCAD 79.1% 79.6% 81.3% 81.3% 98.2%
USDCHF 86.0% 86.1% 86.2% 98.9% 99.0%
USDJPY 86.2% 88.8% 89.1% 98.6% 98.9%
0.0 PIPS =< 10 PIPS =< 25 PIPS =< 50 PIPS All
XAGUSD 69.8% 70.9% 83.6% 84.0% 86.0%
0.0 PIPS =< 10 PIPS =< 20 PIPS =< 30 PIPS All
XAUUSD 59.5% 60.0% 93.2% 93.2% 94.2%

 

Limit IOC Order Execution Speed

Time in Milliseconds Fill Rate
< 50 84.4%
< 100 96.6%
< 250 99.6%
< 500 99.9%
< 1000 100.0%
Average execution speed in milliseconds 36

 

Market Order Statistics

Currency Pair Price Improvement Zero Slippage Negative Slippage Average Net Improvement* Fill Rate
AUDUSD 21.6% 55.4% 23.0% 0.0 100.0%
EURGBP 18.9% 62.6% 18.5% 0.0 100.0%
EURJPY 20.9% 58.5% 20.6% 0.0 100.0%
EURUSD 19.8% 59.7% 20.5% 0.0 100.0%
GBPJPY 26.7% 44.8% 28.5% 0.0 100.0%
GBPUSD 24.3% 52.0% 23.7% 0.0 100.0%
NZDUSD 18.3% 63.1% 18.6% 0.0 100.0%
USDCAD 17.1% 64.4% 18.4% 0.0 100.0%
USDCHF 14.1% 71.0% 14.9% 0.0 100.0%
USDJPY 13.3% 71.2% 15.5% 0.0 100.0%
XAGUSD 27.2% 46.0% 26.7% -0.3 100.0%
XAUUSD 31.2% 37.4% 31.4% -0.2 100.0%
AUDUSD 21.6% 55.4% 23.0% 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 86.2%
< 100 96.6%
< 250 98.9%
< 500 99.5%
< 1000 100.0%
Average execution speed in milliseconds 38

 

Resting Stop Order Statistics

Currency Pair No Slippage Negative Slippage Average Negative Slippage (PIPS)* Average Net Slippage (PIPS)**
AUDUSD 77.1% 22.9% 0.2 0.04
EURGBP 77.9% 22.1% 0.2 0.04
EURJPY 78.7% 21.3% 0.1 0.03
EURUSD 72.3% 27.7% 0.4 0.09
GBPJPY 62.5% 37.5% 0.3 0.09
GBPUSD 59.6% 40.4% 0.3 0.13
NZDUSD 67.9% 32.1% 0.2 0.05
USDCAD 73.2% 26.8% 0.2 0.06
USDCHF 77.7% 22.3% 0.2 0.04
USDJPY 68.4% 31.6% 0.4 0.11
XAGUSD 9.8% 90.2% 62.1 54.62
XAUUSD 27.7% 72.3% 49.7 34.99

* 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 16.1% 83.9% 0.2 0.0
EURGBP 24.6% 75.4% 0.4 0.1
EURJPY 16.1% 83.9% 0.5 0.1
EURUSD 20.8% 79.2% 0.2 0.1
GBPJPY 29.5% 70.5% 0.2 0.1
GBPUSD 34.4% 65.6% 0.2 0.1
NZDUSD 25.0% 75.0% 0.1 0.0
USDCAD 21.4% 78.6% 0.2 0.0
USDCHF 19.2% 80.8% 0.2 0.0
USDJPY 18.1% 81.9% 0.2 0.0
XAGUSD 95.8% 4.2% 17.3 16.6
XAUUSD 69.6% 30.4% 10.8 7.5

* 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 18.0% 66.8% 15.2% 0.0 99.5%
EURGBP 19.3% 63.1% 17.6% 0.0 99.2%
EURJPY 22.1% 57.7% 20.3% 0.0 99.9%
EURUSD 18.0% 66.5% 15.5% 0.0 99.8%
GBPJPY 24.6% 51.0% 24.4% 0.0 99.5%
GBPUSD 23.5% 55.8% 20.7% 0.0 98.8%
NZDUSD 10.7% 78.0% 11.3% 0.0 99.4%
USDCAD 14.8% 71.4% 13.8% 0.0 99.9%
USDCHF 10.7% 78.0% 11.3% 0.0 99.9%
USDJPY 14.3% 73.0% 12.7% 0.0 100.0%
XAGUSD 21.0% 67.1% 11.9% 4.0 91.3%
XAUUSD 26.2% 51.1% 22.7% 0.4 98.4%

* 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 0.8 3.1
EURGBP 0.1 0.2 0.5 0.9 16.9
EURJPY 0.1 0.2 0.0 0.0 1.4
EURUSD 0.0 0.2 0.4 1.0 3.4
GBPJPY 0.1 0.2 0.0 0.2 2.2
GBPUSD 0.1 0.2 0.4 1.0 4.2
NZDUSD 0.0 0.2 0.6 0.7 4.2
USDCAD 0.0 0.2 0.5 0.0 2.8
USDCHF 0.0 0.2 0.0 0.9 3.1
USDJPY 0.0 0.1 0.5 1.0 9.0
0.0 PIPS* 1 - 10 PIPS* 11 - 25 PIPS* 25- 50 PIPS* > 51 PIPS*
XAGUSD 5.8 14.8 27.5 33.3 418.4
0.0 PIPS* 1 - 10 PIPS* 11 - 20 PIPS* 21- 30 PIPS* > 31 PIPS*
XAUUSD 2.3 6.0 18.9 0.0 476.9

* 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 79.0% 79.4% 79.5% 95.9% 96.3%
EURGBP 82.7% 83.4% 84.1% 98.0% 98.1%
EURJPY 73.5% 82.9% 82.9% 82.9% 98.9%
EURUSD 81.8% 82.3% 82.4% 85.2% 97.7%
GBPJPY 77.1% 77.4% 77.4% 77.6% 98.5%
GBPUSD 76.6% 77.0% 78.4% 79.3% 96.9%
NZDUSD 94.9% 95.6% 96.0% 99.2% 99.2%
USDCAD 83.8% 84.6% 85.2% 85.2% 98.7%
USDCHF 87.2% 87.5% 87.5% 99.1% 99.2%
USDJPY 83.1% 86.3% 86.7% 98.8% 99.1%
0.0 PIPS =< 10 PIPS =< 25 PIPS =< 50 PIPS All
XAGUSD 77.1% 77.5% 88.9% 88.6% 89.9%
0.0 PIPS =< 10 PIPS =< 20 PIPS =< 30 PIPS All
XAUUSD 68.1% 67.9% 95.7% 95.7% 96.4%

 

Limit IOC Order Execution Speed

Time in Milliseconds Fill Rate
< 50 90.6%
< 100 97.5%
< 250 99.6%
< 500 99.9%
< 1000 99.9%
Average execution speed in milliseconds 32

 

Market Order Statistics

Currency Pair Price Improvement Zero Slippage Negative Slippage Average Net Improvement* Fill Rate
AUDUSD 16.0% 66.8% 17.1% 0.0 100.0%
EURGBP 18.2% 63.0% 18.8% 0.0 100.0%
EURJPY 21.6% 57.8% 20.6% 0.0 100.0%
EURUSD 17.1% 65.9% 17.0% 0.0 100.0%
GBPJPY 20.0% 57.4% 22.6% 0.0 100.0%
GBPUSD 22.3% 55.6% 22.1% 0.0 100.0%
NZDUSD 12.3% 75.6% 12.1% 0.0 100.0%
USDCAD 12.9% 73.0% 14.1% 0.0 100.0%
USDCHF 10.8% 80.1% 9.1% 0.0 100.0%
USDJPY 13.6% 73.8% 12.6% 0.0 100.0%
XAGUSD 21.2% 58.7% 20.0% 0.3 100.0%
XAUUSD 24.4% 51.5% 24.1% 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 91.6%
< 100 97.3%
< 250 99.0%
< 500 99.7%
< 1000 100.0%
Average execution speed in milliseconds 33

 

Resting Stop Order Statistics

Currency Pair No Slippage Negative Slippage Average Negative Slippage (PIPS)* Average Net Slippage (PIPS)**
AUDUSD 76.7% 23.3% 0.3 0.06
EURGBP 62.7% 37.3% 0.4 0.15
EURJPY 79.2% 20.8% 0.2 0.04
EURUSD 72.9% 27.1% 0.3 0.07
GBPJPY 47.0% 53.0% 0.5 0.24
GBPUSD 51.4% 48.6% 0.5 0.22
NZDUSD 69.6% 30.4% 0.2 0.05
USDCAD 74.6% 25.4% 0.3 0.06
USDCHF 70.8% 29.2% 0.3 0.07
USDJPY 68.8% 31.2% 0.3 0.09
XAGUSD 6.3% 93.7% 23.2 21.25
XAUUSD 32.6% 67.4% 11.5 7.62

* 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 18.8% 81.2% 0.4 0.1
EURGBP 36.1% 63.9% 0.3 0.1
EURJPY 22.6% 77.4% 0.3 0.1
EURUSD 24.1% 75.9% 0.2 0.1
GBPJPY 47.1% 52.9% 0.5 0.2
GBPUSD 48.9% 51.1% 0.5 0.2
NZDUSD 23.6% 76.4% 0.3 0.1
USDCAD 23.3% 76.7% 0.2 0.1
USDCHF 22.3% 77.7% 0.2 0.0
USDJPY 15.7% 84.3% 0.2 0.0
XAGUSD 96.1% 3.9% 13.7 13.2
XAUUSD 67.6% 32.4% 5.6 3.8

* 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 PairPositive Slippage*Zero Slippage*Negative Slippage*Average Net Slippage (PIPS)*Fill Rate***
AUDUSD22.4%58.4%19.2%0.098.4%
EURGBP16.5%65.8%17.7%0.099.7%
EURJPY24.7%51.4%23.9%0.099.6%
EURUSD18.4%64.9%16.7%0.099.7%
GBPJPY25.7%51.4%22.9%0.099.5%
GBPUSD25.4%51.2%23.4%0.099.3%
NZDUSD11.4%77.3%11.4%0.099.2%
USDCAD16.5%67.9%15.6%0.099.6%
USDCHF14.8%74.4%10.8%0.099.7%
USDJPY18.0%65.9%16.1%0.099.8%
XAGUSD23.5%63.4%13.1%4.191.6%
XAUUSD31.6%41.0%27.4%0.597.2%

* 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 Pair0.0 PIPS*0.1 – 0.2 PIPS*0.3 – 0.6 PIPS*0.7 – 1.0 PIPS*> 1.1 PIPS*
AUDUSD0.10.10.40.717.4
EURGBP0.10.20.50.97.2
EURJPY0.00.00.00.01.5
EURUSD0.00.20.41.03.8
GBPJPY0.10.20.40.01.9
GBPUSD0.10.20.50.92.2
NZDUSD0.00.00.00.72.9
USDCAD0.00.20.50.92.7
USDCHF0.00.20.50.93.2
USDJPY0.00.10.51.04.8
0.0 PIPS*1 - 10 PIPS*11 - 25 PIPS*25- 50 PIPS*> 51 PIPS*
XAGUSD7.714.028.242.5616.2
0.0 PIPS*1 - 10 PIPS*11 - 20 PIPS*21- 30 PIPS*> 31 PIPS*
XAUUSD2.74.119.20.0758.8

* 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 Pair0.0 PIPS=< 0.2 PIPS=< 0.6 PIPS=< 1.0 PIPSAll
AUDUSD74.9%75.7%76.1%95.0%95.2%
EURGBP83.3%90.2%92.2%99.3%99.4%
EURJPY67.6%67.6%67.6%67.6%98.8%
EURUSD79.4%79.9%80.3%83.9%97.8%
GBPJPY71.6%71.8%71.9%71.9%98.0%
GBPUSD74.2%74.8%75.1%76.0%97.3%
NZDUSD91.4%91.4%91.4%99.0%99.0%
USDCAD80.8%81.1%82.7%82.8%98.5%
USDCHF79.6%80.9%81.3%98.1%98.2%
USDJPY80.8%82.7%83.1%97.2%98.4%
 0.0 PIPS=< 10 PIPS=< 25 PIPS=< 50 PIPSAll
XAGUSD75.9%76.0%88.1%89.0%90.1%
 0.0 PIPS=< 10 PIPS=< 20 PIPS=< 30 PIPSAll
XAUUSD63.6%63.2%94.2%94.2%95.3%

 

Limit IOC Order Execution Speed

Time in MillisecondsFill Rate
< 5092.1%
< 10098.5%
< 25099.8%
< 50099.9%
< 1000100.0%
Average execution speed in milliseconds29

 

Market Order Statistics

Currency PairPrice ImprovementZero SlippageNegative SlippageAverage Net Improvement*Fill Rate
AUDUSD20.3%58.7%20.9%0.0100.0%
EURGBP15.8%65.6%18.6%0.0100.0%
EURJPY21.6%54.4%24.0%0.0100.0%
EURUSD17.8%63.6%18.6%0.0100.0%
GBPJPY21.8%54.1%24.0%0.0100.0%
GBPUSD24.2%51.3%24.5%0.0100.0%
NZDUSD11.4%76.7%11.9%0.0100.0%
USDCAD14.5%70.5%15.0%0.0100.0%
USDCHF8.5%80.9%10.6%0.0100.0%
USDJPY14.0%69.2%16.8%0.0100.0%
XAGUSD23.0%54.3%22.7%0.2100.0%
XAUUSD29.8%40.3%29.9%-0.2100.0%

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

 

Market Order Execution Speed

Time in millisecondsFill Rate
< 5092.8%
< 10098.2%
< 25099.7%
< 50099.9%
< 1000100.0%
Average execution speed in milliseconds29

 

Resting Limit Order Statistics

Currency PairNo SlippageNegative SlippageAverage Negative Slippage (PIPS)*Average Net Slippage (PIPS)**
AUDUSD76.1%23.9%0.20.04
EURGBP70.6%29.4%0.20.06
EURJPY76.9%23.1%0.20.04
EURUSD76.9%23.1%0.20.04
GBPJPY60.3%39.7%0.30.11
GBPUSD61.6%38.4%0.30.11
NZDUSD66.3%33.7%0.20.06
USDCAD76.4%23.6%0.20.04
USDCHF81.0%19.0%0.40.07
USDJPY77.8%22.2%0.20.05
XAGUSD6.2%93.8%13.012.13
XAUUSD30.9%69.1%8.75.96

* 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 PairPrice improvementZero SlippageAverage Price Improvement (PIPS)*Average Net Price Improvement (PIPS)**
AUDUSD23.5%76.5%0.20.0
EURGBP29.0%71.0%0.20.1
EURJPY24.9%75.1%0.50.1
EURUSD21.7%78.3%0.20.0
GBPJPY35.0%65.0%0.20.1
GBPUSD39.7%60.3%0.30.1
NZDUSD28.3%71.7%0.20.0
USDCAD24.0%76.0%0.20.0
USDCHF21.8%78.2%0.10.0
USDJPY20.5%79.5%0.30.1
XAGUSD96.0%4.0%12.912.4
XAUUSD67.0%33.0%9.26.1

* 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.

Immediate or Cancel (IOC) Limit Order

An Immediate or Cancel (IOC) Limit order is an order to trade at the price that you see on your screen if it is still available subject to a defined tolerance. Tolerance enables you to control price range by defining the minimum price differential (when selling) or the maximum price differential (when buying) that you are comfortable accepting. Tolerance can be specified either as a fixed price increment or as a percentage of the current market price. Saxo may fill the order at a worse price than you had seen on the screen, provided the price difference does not exceed the specified tolerance. If a better price is available, Saxo will give you the full benefit of the available improvement by filling the order at the better price. As with a Market IOC order, if Saxo is unable to supply sufficient liquidity from its own book, then it may route the order externally. Where an order has not been filled immediately it will be cancelled.

Limit Order

A Limit order is an order to trade at a specified price or better if it is possible to do so within a specified time. The following order durations are available: 

  • Day Order (DO): Valid until the official close of trading on the day the order is placed (or on the subsequent business day for orders accepted during the weekend). 

  • Good Till Date (GTD): Valid until the official close of trading on a date of the your choice. 

  • Good Till Cancelled (GTC): Valid indefinitely unless or until specifically cancelled by the you. 

A Limit order will be triggered when the market price reaches the limit price. If Saxo believes it is able to execute a Limit order immediately from its own liquidity then it will do so. Otherwise it will route the order to a third party to attempt execution. At any time when there is not enough liquidity available from Saxo’s own book or externally, to fill the order in full at the specified price or better, the remaining order will revert to a ‘resting order’.

 

Stop Order

A Stop order is usually used to close a position when the market is going against it with a view to prevent further losses. It may also be used to open a position when the market moves through a chosen level. A Stop order may have a duration similar to a Limit order (see above). A Stop order placed to buy is treated as a Stop if Bid. A Stop order placed to sell is treated as a Stop if Offer. 

  • A Stop order to sell will be triggered when the offer price observed on a primary inter-bank execution venue1 reaches the specified price level. Once triggered, the order will be treated as a Market order.

  • A Stop order to buy will be triggered when the bid price observed on a primary inter-bank execution venue1 reaches the specified price level. Once triggered, the order will be treated as a Market order.

This arrangement is designed to protect you from the risk that a Stop order is executed as a result of spreads widening without the market actually moving. This can happen around the release of economic statistics or at times of reduced liquidity such as during a value date roll or during the close and opening of the market. You should note that this means a Stop order will never be executed at their specified level but always at the spread away from the stop level. Where an order is attached to an open position, it will automatically be cancelled if the position is closed. The trigger level for a Stop order can be specified to trail the market. In this case, when the market moves in your favour, the trigger level for the order moves the same way. The trigger level for a trailing stop moves in steps which are defined when the order is placed.

Stop Limit Order

A Stop Limit order rests in the same way as a Stop order. However, once triggered, rather than execute at the next available price it converts to a Limit order at a pre-agreed Limit price. From that point on, the order is treated as a Limit order. This type of order gives you some protection from a bad fill in a gapping or illiquid market. Trailing Stop Limit orders are not available.

 

1 A Stop order will be triggered on a price observed on a primary inter-bank execution venue as the first priority. If there is no liquidity available on a primary inter-bank execution venue, Saxo Bank reserves the right to use a secondary inter-bank execution venue or alternative liquidity provider.

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