Orders and Execution

As a way to demonstrate its commitment to increased transparency and delivery of fair outcomes to clients, Saxo Bank 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’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’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)*	Average Improvement (PIPS)**	Average Tolerance (PIPS)	Fill Rate***
AUDUSD	18.1%	64.2%	17.7%	0.0	0.9	0.9	99.4%
EURGBP	18.1%	64.5%	17.4%	0.0	0.9	0.9	99.6%
EURJPY	26.5%	46.9%	26.5%	0.0	9.3	9.3	99.3%
EURUSD	22.7%	55.1%	22.2%	0.0	2.4	2.3	99.5%
GBPJPY	27.8%	46.3%	25.9%	0.0	1.6	1.6	99.2%
GBPUSD	24.5%	52.0%	23.5%	0.0	1.6	1.5	99.1%
NZDUSD	17.2%	65.9%	16.9%	0.0	0.7	0.7	99.5%
USDCAD	20.5%	59.1%	20.4%	0.0	2.2	2.2	99.3%
USDCHF	17.0%	66.0%	17.0%	0.0	1.0	1.0	99.4%
USDJPY	18.4%	63.6%	18.1%	0.0	1.5	1.5	99.4%
XAGUSD	10.6%	82.0%	7.4%	1.0	32.7	31.7	96.4%
XAUUSD	26.6%	47.6%	25.8%	0.1	14.5	14.3	98.9%

* Calculated from the indicative market price available in the client Quick Trade window at the time of order placement
** Calculated from the Limit IOC order level
*** 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	0.1	0.4	0.8	29.4
EURGBP	0.1	–	–	0.9	6.1
EURJPY	0.1	–	0.5	1.0	9.4
EURUSD	0.1	0.2	0.6	1.0	2.4
GBPJPY	0.1	–	0.4	0.8	1.7
GBPUSD	0.1	0.2	0.6	1.0	1.6
NZDUSD	0.0	–	0.5	0.7	5.9
USDCAD	0.1	0.1	0.8	1.0	2.3
USDCHF	0.0	0.1	0.5	1.0	6.0
USDJPY	0.0	0.2	0.4	1.0	1.6
	0.0 PIPS*	1 – 10 PIPS*	11 – 25 PIPS*	25 – 50 PIPS*	> 51 PIPS*
XAGUSD	2.0	2.4	17.3	–	1280.2
	0.0 PIPS*	1 – 10 PIPS*	11 – 20 PIPS*	21 – 30 PIPS*	> 31 PIPS*
XAUUSD	0.7	5.9	13.1	26.1	152.5

* 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	77.2%	79.4%	81.3%	99.4%	99.3%
EURGBP	88.2%	88.2%	88.2%	99.5%	99.5%
EURJPY	76.3%	76.3%	79.5%	81.1%	99.1%
EURUSD	74.2%	76.3%	84.1%	86.9%	99.0%
GBPJPY	79.8%	79.8%	82.0%	84.0%	99.1%
GBPUSD	70.4%	70.6%	71.2%	84.6%	98.9%
NZDUSD	73.6%	73.6%	74.5%	99.1%	99.1%
USDCAD	73.8%	74.3%	74.8%	83.5%	99.1%
USDCHF	63.8%	64.4%	75.3%	99.0%	99.0%
USDJPY	72.6%	84.9%	85.7%	91.9%	99.1%
	0.0 PIPS	=< 10 PIPS	=< 25 PIPS	=< 50 PIPS	All
XAGUSD	84.9%	85.2%	96.6%	–	96.7%
	0.0 PIPS	=< 10 PIPS	=< 20 PIPS	=< 30 PIPS	All
XAUUSD	75.1%	85.5%	98.7%	98.7%	98.7%

Limit IOC Order Execution Speed

Time in Milliseconds	Fill Rate
< 50	82.1%
< 100	95.3%
< 250	99.2%
< 500	99.7%
< 1000	99.9%
Average execution speed	46 milliseconds

Market Order Statistics

Currency Pair	Price Improvement	Zero Slippage	Negative Slippage	Average Net Improvement*	Fill Rate
AUDUSD	16.1%	66.5%	17.4%	0.0	100.0%
EURGBP	14.4%	72.2%	13.3%	0.0	100.0%
EURJPY	22.1%	54.8%	23.1%	0.0	100.0%
EURUSD	19.9%	60.0%	20.2%	0.0	100.0%
GBPJPY	23.1%	54.7%	22.3%	0.0	100.0%
GBPUSD	21.1%	58.4%	20.4%	0.0	100.0%
NZDUSD	14.8%	70.1%	15.1%	0.0	100.0%
USDCAD	17.5%	64.8%	17.7%	0.0	100.0%
USDCHF	11.6%	75.4%	12.9%	0.0	100.0%
USDJPY	17.4%	63.9%	18.7%	0.0	100.0%
XAGUSD	10.1%	74.3%	15.6%	–1.1	100.0%
XAUUSD	23.5%	52.9%	23.6%	–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	81.9%
< 100	94.7%
< 250	99.3%
< 500	99.8%
< 1000	100.0%
Average execution speed	44 milliseconds

Resting Stop Order Statistics

Currency Pair	No Slippage	Negative Slippage	Average Negative Slippage (PIPS)*	Average Net Slippage (PIPS)**
AUDUSD	73.5%	26.5%	0.4	–0.1
EURGBP	64.8%	35.2%	0.4	0.0
EURJPY	60.1%	39.9%	0.5	0.0
EURUSD	63.4%	36.6%	0.5	0.0
GBPJPY	41.2%	58.8%	0.4	0.2
GBPUSD	68.3%	31.7%	1.0	–0.1
NZDUSD	55.7%	44.3%	0.7	0.1
USDCAD	63.0%	37.0%	1.5	0.2
USDCHF	70.1%	29.9%	0.7	–0.1
USDJPY	62.8%	37.2%	0.5	0.1
XAGUSD	36.8%	63.2%	172.2	101.6
XAUUSD	39.5%	60.5%	22.8	11.2

* 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	16.2%	83.8%	0.3	0.0
EURGBP	12.6%	87.4%	0.3	0.0
EURJPY	26.0%	74.0%	0.2	0.1
EURUSD	16.1%	83.9%	0.2	0.0
GBPJPY	37.4%	62.6%	0.2	0.1
GBPUSD	34.8%	65.2%	0.2	0.1
NZDUSD	18.3%	81.7%	0.3	0.1
USDCAD	23.8%	76.2%	0.4	0.1
USDCHF	19.4%	80.6%	0.2	0.0
USDJPY	18.2%	81.8%	0.2	0.0
XAGUSD	41.2%	58.8%	18.9	7.8
XAUUSD	47.5%	52.5%	12.2	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	Price Improvement*	Zero Slippage*	Negative Slippage*	Average Net Slippage (PIPS)*	Average Improvement (PIPS)**	Average Tolerance (PIPS)	Fill Rate***
AUDUSD	15.0%	69.8%	15.2%	0.0	1.1	1.1	99.6%
EURGBP	16.1%	68.9%	15.1%	0.0	1.2	1.2	99.7%
EURJPY	23.6%	52.1%	24.3%	0.0	13.5	13.5	99.7%
EURUSD	18.6%	62.9%	18.5%	0.0	2.8	2.8	99.6%
GBPJPY	25.6%	50.6%	23.8%	0.0	1.8	1.8	99.6%
GBPUSD	19.6%	61.3%	19.1%	0.0	1.8	1.8	99.5%
NZDUSD	14.7%	70.0%	15.3%	0.0	0.7	0.7	99.6%
USDCAD	18.6%	62.8%	18.6%	0.0	2.0	2.0	99.3%
USDCHF	13.5%	73.1%	13.4%	0.0	1.0	1.0	99.8%
USDJPY	18.6%	62.5%	18.9%	0.0	2.2	2.2	99.4%
XAGUSD	12.2%	79.3%	8.5%	1.2	59.0	57.8	95.4%
XAUUSD	28.6%	43.8%	27.7%	0.2	14.9	14.7	98.7%

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	28.1
EURGBP	0.0	0.2	–	0.9	56.0
EURJPY	0.1	–	0.6	1.1	13.8
EURUSD	0.1	0.2	0.6	1.0	2.9
GBPJPY	0.1	–	–	0.8	1.8
GBPUSD	0.1	0.2	0.5	1.0	1.9
NZDUSD	0.0	–	0.4	0.7	6.8
USDCAD	0.1	–	0.6	1.0	2.0
USDCHF	0.0	–	0.5	1.0	5.2
USDJPY	0.0	0.2	0.5	1.0	2.3
	0.0 PIPS*	1 - 10 PIPS*	11 - 25 PIPS*	25- 50 PIPS*	> 51 PIPS*
XAGUSD	0.0	–	18.1	–	1239.4
	0.0 PIPS*	1 - 10 PIPS*	11 - 20 PIPS*	21- 30 PIPS*	> 31 PIPS*
XAUUSD	1.1	5.3	13.3	27.0	82.9

* 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	82.3%	84.1%	87.5%	99.4%	99.4%
EURGBP	77.8%	78.5%	78.5%	99.3%	99.3%
EURJPY	68.4%	68.4%	70.2%	76.9%	99.0%
EURUSD	77.6%	80.4%	86.8%	90.9%	99.3%
GBPJPY	60.0%	60.0%	60.0%	63.0%	99.1%
GBPUSD	76.5%	78.4%	80.3%	86.0%	98.9%
NZDUSD	70.8%	70.8%	72.5%	99.1%	99.1%
USDCAD	72.3%	72.3%	73.9%	85.0%	99.2%
USDCHF	78.6%	78.6%	85.5%	99.5%	99.5%
USDJPY	75.6%	83.7%	84.1%	92.8%	99.1%
	0.0 PIPS	=< 10 PIPS	=< 25 PIPS	=< 50 PIPS	All
XAGUSD	90.0%	90.0%	95.2%	-	95.4%
	0.0 PIPS	=< 10 PIPS	=< 20 PIPS	=< 30 PIPS	All
XAUUSD	72.8%	89.5%	98.5%	98.5%	98.6%

Limit IOC Order Execution Speed

Time in Milliseconds	Fill Rate
< 50	84.9%
< 100	96.0%
< 250	99.0%
< 500	99.6%
< 1000	99.8%
Average execution speed	45 milliseconds

Market Order Statistics

Currency Pair	Price Improvement	Zero Slippage	Negative Slippage	Average Net Improvement*	Fill Rate
AUDUSD	13.2%	72.9%	13.9%	0.0	100.0%
EURGBP	12.9%	77.3%	9.8%	0.0	100.0%
EURJPY	16.8%	63.6%	19.7%	0.0	100.0%
EURUSD	16.2%	67.4%	16.4%	0.0	100.0%
GBPJPY	22.0%	58.9%	19.1%	0.0	100.0%
GBPUSD	16.5%	66.5%	17.1%	0.0	100.0%
NZDUSD	12.1%	74.0%	13.9%	0.0	100.0%
USDCAD	15.2%	70.0%	14.8%	0.0	100.0%
USDCHF	12.0%	72.9%	15.1%	0.0	100.0%
USDJPY	17.8%	63.5%	18.8%	0.0	100.0%
XAGUSD	10.8%	77.0%	12.2%	-0.1	100.0%
XAUUSD	26.3%	47.8%	25.9%	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	83.7%
< 100	95.5%
< 250	99.2%
< 500	99.7%
< 1000	100.0%
Average execution speed	42 milliseconds

Resting Stop Order Statistics

Currency Pair	Zero Slippage	Negative Slippage	Average Negative Slippage (PIPS)*	Average Net Slippage (PIPS)**
AUDUSD	72.1%	27.9%	0.4	–0.1
EURGBP	61.6%	38.4%	0.7	0.1
EURJPY	63.8%	36.2%	0.8	0.1
EURUSD	63.9%	36.1%	0.6	0.1
GBPJPY	34.9%	65.1%	1.4	0.9
GBPUSD	65.5%	34.5%	1.1	0.0
NZDUSD	75.3%	24.7%	0.4	–0.2
USDCAD	68.5%	31.5%	1.3	0.0
USDCHF	70.3%	29.7%	0.4	–0.1
USDJPY	65.0%	35.0%	0.6	0.1
XAGUSD	39.9%	60.1%	38.9	21.9
XAUUSD	28.7%	71.3%	11.7	7.2

Resting Limit Order Statistics

Currency Pair	Price Improvement	Zero Slippage	Average Price Improvement (PIPS)*	Average Net Price Improvement (PIPS)**
AUDUSD	17.6%	82.4%	0.2	0.0
EURGBP	18.4%	81.6%	0.8	0.1
EURJPY	23.0%	77.0%	0.3	0.1
EURUSD	17.4%	82.6%	0.3	0.0
GBPJPY	30.6%	69.4%	0.3	0.1
GBPUSD	34.5%	65.5%	0.4	0.1
NZDUSD	21.5%	78.5%	0.2	0.0
USDCAD	22.2%	77.8%	0.2	0.0
USDCHF	24.1%	75.9%	0.1	0.0
USDJPY	18.9%	81.1%	0.3	0.0
XAGUSD	44.8%	55.2%	15.1	6.8
XAUUSD	45.1%	54.9%	5.7	2.6

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

Limit IOC Order Statistics

Currency Pair	Price Improvement*	Zero Slippage*	Negative Slippage*	Average Net Slippage (PIPS)*	Average Improvement (PIPS)**	Average Tolerance (PIPS)	Fill Rate***
AUDUSD	18.6%	63.5%	17.9%	0.0	1.0	1.0	99.2%
EURGBP	17.7%	63.7%	18.7%	0.0	1.7	1.7	99.5%
EURJPY	29.0%	42.3%	28.8%	0.0	10.4	10.4	99.5%
EURUSD	21.3%	57.9%	20.8%	0.0	2.5	2.5	99.5%
GBPJPY	29.8%	42.0%	28.1%	0.0	2.1	2.1	99.4%
GBPUSD	23.1%	53.1%	23.7%	0.0	2.0	2.0	99.3%
NZDUSD	17.8%	65.7%	16.5%	0.0	0.7	0.7	98.9%
USDCAD	22.9%	55.2%	21.9%	0.0	2.5	2.4	99.2%
USDCHF	15.8%	69.0%	15.2%	0.0	1.0	1.0	99.5%
USDJPY	24.0%	52.4%	23.6%	0.0	4.4	4.4	99.6%
XAGUSD	13.8%	79.3%	6.9%	1.8	52.7	50.9	95.3%
XAUUSD	29.3%	42.9%	27.9%	0.2	15.9	15.7	98.9%

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	0.4	0.8	24.6
EURGBP	0.0	0.1	0.4	0.9	61.1
EURJPY	0.1	0.2	0.4	1.1	10.6
EURUSD	0.1	0.2	0.6	1.0	2.6
GBPJPY	0.1	–	0.5	–	2.1
GBPUSD	0.1	0.1	0.5	0.9	2.1
NZDUSD	0.0	–	–	0.7	6.6
USDCAD	0.1	–	0.7	1.1	2.5
USDCHF	0.0	0.1	0.5	0.9	8.9
USDJPY	0.0	0.2	0.4	1.0	4.8
	0.0 PIPS*	1 - 10 PIPS*	11 - 25 PIPS*	25- 50 PIPS*	> 51 PIPS*
XAGUSD	0.0	4.8	18.4	-	1179.3
	0.0 PIPS*	1 - 10 PIPS*	11 - 20 PIPS*	21- 30 PIPS*	> 31 PIPS*
XAUUSD	1.6	6.1	13.3	26.7	76.2

* 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	80.3%	86.2%	90.7%	99.0%	99.0%
EURGBP	85.4%	84.5%	84.7%	99.3%	99.3%
EURJPY	68.3%	68.6%	69.6%	70.7%	99.0%
EURUSD	74.9%	79.4%	82.8%	86.7%	98.8%
GBPJPY	84.4%	84.4%	85.3%	85.3%	99.3%
GBPUSD	75.3%	76.2%	77.2%	87.5%	99.0%
NZDUSD	82.4%	82.4%	82.4%	98.6%	98.6%
USDCAD	76.8%	76.8%	79.8%	83.4%	98.9%
USDCHF	73.5%	73.7%	79.4%	98.4%	98.4%
USDJPY	78.3%	82.4%	84.5%	94.3%	98.7%
	0.0 PIPS	=< 10 PIPS	=< 25 PIPS	=< 50 PIPS	ALL
XAGUSD	77.8%	88.2%	95.1%	95.1%	95.3%
	0.0 PIPS	=< 10 PIPS	=< 20 PIPS	=< 30 PIPS	ALL
XAUUSD	72.8%	88.7%	98.5%	98.5%	98.5%

Limit IOC Order Execution Speed

Time in Milliseconds	Fill Rate
< 50	88.7%
< 100	96.1%
< 250	99.0%
< 500	99.6%
< 1000	99.9%
Average execution speed	41 milliseconds

Market Order Statistics

Currency Pair	Price Improvement	Zero Slippage	Negative Slippage	Average Net Improvement*	Fill Rate
AUDUSD	16.0%	68.2%	15.9%	0.0	100.0%
EURGBP	13.7%	74.5%	11.8%	0.0	100.0%
EURJPY	20.8%	57.6%	21.7%	0.0	100.0%
EURUSD	17.7%	65.4%	16.9%	0.0	100.0%
GBPJPY	23.9%	51.6%	24.5%	0.0	100.0%
GBPUSD	20.3%	60.6%	19.0%	0.0	100.0%
NZDUSD	15.6%	71.9%	12.5%	0.0	100.0%
USDCAD	18.5%	66.1%	15.4%	0.0	100.0%
USDCHF	17.0%	68.4%	14.5%	0.0	100.0%
USDJPY	20.8%	57.6%	21.6%	0.0	100.0%
XAGUSD	12.3%	78.0%	9.7%	0.1	100.0%
XAUUSD	24.3%	51.4%	24.3%	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	87.7%
< 100	95.1%
< 250	99.2%
< 500	99.7%
< 1000	100.00%
Average execution speed	37 milliseconds

Resting Stop Order Statistics

Currency Pair	Zero Slippage	Negative Slippage	Average Negative Slippage (PIPS)*	Average Net Slippage (PIPS)**
AUDUSD	73.1%	26.9%	0.4	-0.2
EURGBP	59.6%	40.4%	0.6	0.1
EURJPY	58.5%	41.5%	1.0	0.2
EURUSD	63.0%	37.0%	0.6	0.0
GBPJPY	34.0%	66.0%	0.5	0.3
GBPUSD	63.1%	36.9%	0.9	0.0
NZDUSD	49.5%	50.5%	0.8	0.2
USDCAD	67.1%	32.9%	0.9	-0.1
USDCHF	66.3%	33.7%	0.4	-0.1
USDJPY	62.6%	37.4%	0.7	0.1
XAGUSD	25.2%	74.8%	32.9	22.7
XAUUSD	31.2%	68.8%	10.5	6.6

Resting Limit Order Statistics

Currency Pair	Price Improvement	Zero Slippage	Average Price Improvement (PIPS)*	Average Net Price Improvement (PIPS)**
AUDUSD	20.8%	79.2%	0.2	0.0
EURGBP	15.5%	84.5%	0.3	0.1
EURJPY	22.8%	77.2%	0.3	0.1
EURUSD	17.0%	83.0%	0.3	0.0
GBPJPY	34.3%	65.7%	0.3	0.1
GBPUSD	34.5%	65.5%	0.3	0.1
NZDUSD	19.0%	81.0%	0.3	0.1
USDCAD	23.8%	76.2%	0.4	0.1
USDCHF	18.7%	81.3%	0.2	0.0
USDJPY	19.2%	80.8%	0.2	0.0
XAGUSD	44.3%	55.7%	15.9	7.0
XAUUSD	46.1%	53.9%	3.4	1.6

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

Limit IOC Order Statistics

Currency Pair	Price Improvement*	Zero Slippage*	Negative Slippage*	Average Net Slippage (PIPS)*	Average Improvement (PIPS)**	Average Tolerance (PIPS)	Fill Rate***
AUDUSD	22.0%	56.6%	21.4%	0.0	0.9	0.9	98.9%
EURGBP	19.4%	60.2%	20.5%	0.0	0.9	0.9	99.2%
EURJPY	41.8%	32.0%	26.1%	0.2	12.5	12.3	99.4%
EURUSD	24.0%	52.0%	24.1%	0.0	3.1	3.1	99.5%
GBPJPY	44.2%	27.7%	28.1%	0.3	2.2	1.9	98.8%
GBPUSD	26.4%	46.7%	26.9%	0.0	1.9	1.9	99.2%
NZDUSD	21.8%	56.6%	21.6%	0.0	0.8	0.8	98.2%
USDCAD	24.3%	52.6%	23.1%	0.0	2.5	2.5	99.1%
USDCHF	21.2%	57.2%	21.6%	0.0	1.0	1.0	99.2%
USDJPY	28.2%	46.5%	25.3%	0.0	5.2	5.2	99.5%
XAGUSD	18.7%	70.3%	11.0%	2.3	69.0	66.6	93.9%
XAUUSD	30.6%	40.6%	28.8%	0.3	16.1	15.8	98.6%

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	16.8
EURGBP	0.1	0.1	0.3	0.9	4.4
EURJPY	0.1	0.2	0.7	0.9	12.6
EURUSD	0.1	0.2	0.6	1.0	3.2
GBPJPY	0.1	–	0.6	0.8	2.2
GBPUSD	0.1	0.2	0.4	1.0	1.9
NZDUSD	0.0	–	0.7	0.7	4.7
USDCAD	0.1	0.1	0.5	1.0	2.5
USDCHF	0.0	–	0.5	0.9	7.8
USDJPY	0.1	0.2	0.5	1.0	5.4
	0.0 PIPS*	1 - 10 PIPS*	11 - 25 PIPS*	25- 50 PIPS*	> 51 PIPS*
XAGUSD	6.0	14.9	19.1	–	1223.3
	0.0 PIPS*	1 - 10 PIPS*	11 - 20 PIPS*	21- 30 PIPS*	> 31 PIPS*
XAUUSD	1.1	6.2	13.4	26.4	68.0

* 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	54.8%	70.2%	77.5%	98.3%	98.3%
EURGBP	84.4%	85.7%	87.0%	99.0%	99.0%
EURJPY	71.4%	72.5%	76.7%	79.8%	99.2%
EURUSD	71.7%	76.8%	81.4%	89.8%	99.1%
GBPJPY	80.6%	80.6%	87.2%	87.8%	98.7%
GBPUSD	81.5%	87.0%	86.6%	95.0%	99.1%
NZDUSD	77.8%	77.8%	78.6%	97.9%	97.9%
USDCAD	75.9%	77.7%	78.3%	82.2%	98.8%
USDCHF	70.6%	70.6%	76.1%	98.7%	98.8%
USDJPY	76.8%	82.4%	83.3%	88.7%	98.8%
	0.0 PIPS	=< 10 PIPS	=< 25 PIPS	=< 50 PIPS	ALL
XAGUSD	100.0%	55.9%	93.1%	93.1%	93.4%
	0.0 PIPS	=< 10 PIPS	=< 20 PIPS	=< 30 PIPS	ALL
XAUUSD	81.6%	88.5%	98.3%	98.2%	98.3%

Limit IOC Order Execution Speed

Time in Milliseconds	Fill Rate
< 50	84.6%
< 100	93.9%
< 250	99.3%
< 500	99.8%
< 1000	100.0%
Average execution speed	41 milliseconds

Market Order Statistics

Currency Pair	Price Improvement	Zero Slippage	Negative Slippage	Average Net Improvement*	Fill Rate
AUDUSD	16.7%	68.1%	15.2%	0.0	100.0%
EURGBP	13.8%	73.1%	13.1%	0.0	100.0%
EURJPY	47.0%	31.2%	21.8%	0.2	100.0%
EURUSD	20.0%	60.2%	19.8%	0.0	100.0%
GBPJPY	47.4%	27.5%	25.1%	0.2	100.0%
GBPUSD	21.6%	57.4%	21.1%	0.0	100.0%
NZDUSD	16.2%	66.5%	17.3%	0.0	100.0%
USDCAD	17.1%	66.5%	16.3%	0.0	100.0%
USDCHF	13.3%	74.6%	12.2%	0.0	100.0%
USDJPY	25.7%	51.6%	22.7%	0.0	100.0%
XAGUSD	15.7%	67.3%	17.0%	-0.5	100.0%
XAUUSD	26.2%	49.5%	24.3%	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	83.1%
< 100	92.5%
< 250	99.3%
< 500	99.9%
< 1000	100.0%
Average execution speed	40 milliseconds

Resting Stop Order Statistics

Currency Pair	Zero Slippage	Negative Slippage	Average Negative Slippage (PIPS)*	Average Net Slippage (PIPS)**
AUDUSD	75.9%	24.1%	0.7	-0.2
EURGBP	53.2%	46.8%	0.6	0.1
EURJPY	60.8%	39.2%	0.7	0.1
EURUSD	62.6%	37.4%	0.8	0.1
GBPJPY	25.2%	74.8%	0.7	0.5
GBPUSD	65.8%	34.2%	0.9	-0.1
NZDUSD	60.3%	39.7%	0.7	0.0
USDCAD	66.1%	33.9%	3.4	0.7
USDCHF	55.5%	44.5%	0.7	0.1
USDJPY	60.2%	39.8%	0.8	0.1
XAGUSD	25.3%	74.7%	47.8	34.4
XAUUSD	28.6%	71.4%	20.1	13.6

Resting Limit Order Statistics

Currency Pair	Price Improvement	Zero Slippage	Average Price Improvement (PIPS)*	Average Net Price Improvement (PIPS)**
AUDUSD	17.8%	82.2%	0.3	0.1
EURGBP	18.3%	81.7%	0.3	0.1
EURJPY	24.3%	75.7%	0.2	0.1
EURUSD	15.0%	85.0%	0.4	0.1
GBPJPY	39.3%	60.8%	0.3	0.1
GBPUSD	33.4%	66.6%	0.3	0.1
NZDUSD	22.5%	77.5%	0.2	0.0
USDCAD	23.7%	76.3%	0.8	0.2
USDCHF	22.5%	77.5%	0.2	0.0
USDJPY	24.3%	75.7%	0.3	0.1
XAGUSD	48.5%	51.5%	15.3	7.4
XAUUSD	49.9%	50.1%	9.9	4.9

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

Limit IOC Order Statistics

Currency Pair	Price Improvement*	Zero Slippage*	Negative Slippage*	Average Net Slippage (PIPS)*	Average Improvement (PIPS)**	Average Tolerance (PIPS)	Fill Rate***
AUDUSD	17.5%	65.3%	17.1%	0.0	1.4	1.4	99.5%
EURGBP	18.8%	61.8%	19.5%	0.0	0.9	0.9	99.3%
EURJPY	32.3%	46.1%	21.6%	0.1	21.3	21.2	99.7%
EURUSD	22.0%	56.5%	21.5%	0.0	3.7	3.7	99.3%
GBPJPY	42.2%	36.1%	21.6%	0.2	2.1	1.9	99.4%
GBPUSD	22.1%	55.4%	22.5%	0.0	2.1	2.1	99.2%
NZDUSD	17.9%	64.5%	17.5%	0.0	0.7	0.7	98.4%
USDCAD	20.5%	60.1%	19.3%	0.0	2.5	2.5	98.5%
USDCHF	20.2%	60.0%	19.8%	0.0	1.1	1.0	99.3%
USDJPY	22.6%	56.7%	20.7%	0.0	4.2	4.2	99.5%
XAGUSD	15.8%	72.2%	12.0%	1.5	45.6	44.1	95.2%
XAUUSD	27.2%	47.7%	25.1%	0.2	18.2	17.9	99.1%

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	0.1	0.5	0.8	78.8
EURGBP	0.1	0.1	-	0.9	4.4
EURJPY	0.1	-	0.5	1.0	21.6
EURUSD	0.1	0.2	0.6	1.0	3.8
GBPJPY	0.0	-	-	-	2.1
GBPUSD	0.1	0.2	0.3	0.9	2.1
NZDUSD	0.0	-	-	0.7	2.9
USDCAD	0.1	0.2	0.5	1.1	2.6
USDCHF	0.1	0.2	-	1.0	7.1
USDJPY	0.0	0.2	0.6	1.0	4.4
	0.0 PIPS*	1-10 PIPS*	11-25 PIPS*	25-50 PIPS*	> 51 PIPS*
XAGUSD	0.0	1.0	18.6	-	1635.5
	0.0 PIPS*	1-10 PIPS*	11-20 PIPS*	21-30 PIPS*	> 31 PIPS*
XAUUSD	0.8	5.2	13.4	26.6	101.4

* 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	83.6%	87.7%	88.1%	99.3%	99.3%
EURGBP	78.8%	83.8%	83.8%	99.0%	99.0%
EURJPY	68.9%	68.9%	72.6%	81.5%	99.4%
EURUSD	72.5%	78.2%	83.9%	88.7%	98.8%
GBPJPY	100.0%	100.0%	100.0%	100.0%	99.4%
GBPUSD	74.7%	79.8%	80.3%	86.2%	99.0%
NZDUSD	81.3%	81.3%	81.3%	98.1%	98.1%
USDCAD	71.4%	80.4%	88.5%	90.8%	98.3%
USDCHF	100.0%	80.0%	80.0%	99.3%	99.3%
USDJPY	75.0%	90.1%	91.0%	92.8%	98.9%
	0.0 PIPS	=< 10 PIPS	=< 25 PIPS	=< 50 PIPS	ALL
XAGUSD	100.0%	100.0%	95.1%	95.1%	95.2%
	0.0 PIPS	=< 10 PIPS	=< 20 PIPS	=< 30 PIPS	ALL
XAUUSD	74.1%	90.8%	98.6%	98.6%	98.7%

Limit IOC Order Execution Speed

Time in Milliseconds	Fill Rate
< 50	86.8%
< 100	95.4%
< 250	99.3%
< 500	99.8%
< 1000	99.9%
Average execution speed	39 millseconds

Market Order Statistics

Currency Pair	Price Improvement	Zero Slippage	Negative Slippage	Average Net Improvement*	Fill Rate*
AUDUSD	14.6%	71.0%	14.4%	0.0	100.0%
EURGBP	12.6%	74.1%	13.3%	0.0	100.0%
EURJPY	33.7%	47.2%	19.1%	0.1	100.0%
EURUSD	19.8%	61.0%	19.2%	0.0	100.0%
GBPJPY	44.9%	34.3%	20.8%	0.1	100.0%
GBPUSD	20.1%	61.6%	18.3%	0.0	100.0%
NZDUSD	14.8%	69.1%	16.1%	0.0	100.0%
USDCAD	17.2%	66.8%	16.0%	0.0	100.0%
USDCHF	13.4%	71.3%	15.3%	0.0	100.0%
USDJPY	19.0%	62.6%	18.3%	0.0	100.0%
XAGUSD	14.1%	70.8%	15.0%	-0.2	100.0%
XAUUSD	23.6%	56.3%	20.1%	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	87.0%
< 100	95.5%
< 250	99.4%
< 500	99.9%
< 1000	100.0%
Average execution speed	36 milliseconds

Resting Stop Order Statistics

Currency Pair	Zero Slippage	Negative Slippage	Average Negative Slippage (PIPS)*	Average Net Slippage (PIPS)**
AUDUSD	73.4%	26.6%	0.6	-0.2
EURGBP	61.2%	38.8%	0.5	0.0
EURJPY	56.3%	43.7%	0.5	0.0
EURUSD	55.6%	44.4%	0.8	0.2
GBPJPY	21.4%	78.6%	0.9	0.7
GBPUSD	61.4%	38.6%	1.3	0.1
NZDUSD	63.0%	37.0%	1.1	0.1
USDCAD	58.1%	41.9%	4.8	1.6
USDCHF	63.6%	36.4%	0.6	0.0
USDJPY	55.7%	44.3%	0.8	0.2
XAGUSD	27.0%	73.0%	53.6	38.1
XAUUSD	21.6%	78.4%	16.1	12.3

Resting Limit Order Statistics

Currency Pair	Price improvement	Zero Slippage	Average Price Improvement (PIPS)*	Average Net Price Improvement (PIPS)**
AUDUSD	16.7%	83.3%	0.3	0.0
EURGBP	13.9%	86.1%	0.2	0.0
EURJPY	21.3%	78.7%	0.2	0.0
EURUSD	13.4%	86.6%	0.4	0.0
GBPJPY	38.6%	61.4%	0.3	0.1
GBPUSD	32.8%	67.2%	0.2	0.1
NZDUSD	24.0%	76.0%	0.6	0.1
USDCAD	25.6%	74.4%	0.7	0.2
USDCHF	20.2%	79.8%	0.2	0.0
USDJPY	19.7%	80.3%	0.2	0.0
XAGUSD	51.5%	48.5%	14.3	7.4
XAUUSD	45.5%	54.5%	5.8	2.6

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

Limit IOC Order Statistics

Currency Pair	Price improvement*	Zero Slippage*	Negative Slippage*	Average Net Slippage (pips)*	Average Improvement (pips)**	Average Tolerance (pips)	Fill Rate***
AUDUSD	12.0%	76.3%	11.7%	0.0	0.9	0.9	99.8%
EURGBP	17.8%	65.7%	16.6%	0.0	0.9	0.9	99.3%
EURJPY	20.6%	58.9%	20.5%	0.0	34.6	34.6	99.7%
EURUSD	16.5%	66.9%	16.6%	0.0	3.7	3.7	99.7%
GBPJPY	26.1%	50.3%	23.6%	0.0	1.6	1.5	99.0%
GBPUSD	18.0%	64.4%	17.6%	0.0	1.7	1.7	99.2%
NZDUSD	12.1%	76.8%	11.1%	0.0	0.7	0.7	99.5%
USDCAD	17.3%	66.6%	16.1%	0.0	1.8	1.7	99.1%
USDCHF	15.2%	71.2%	13.6%	0.0	1.0	1.0	99.7%
USDJPY	19.4%	61.3%	19.3%	0.0	4.9	4.9	99.2%
XAGUSD	14.6%	72.1%	13.3%	0.9	21.1	20.2	97.1%
XAUUSD	25.9%	48.7%	25.5%	0.2	20.8	20.5	98.8%

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	0.1	-	0.8	51.7
EURGBP	0.1	0.2	0.4	0.9	13.1
EURJPY	0.0	0.1	0.6	1.0	34.9
EURUSD	0.1	0.2	0.6	1.0	3.9
GBPJPY	0.1	-	-	1.0	1.6
GBPUSD	0.1	0.2	0.5	1.2	1.8
NZDUSD	0.0	-	-	0.7	2.7
USDCAD	0.1	0.1	0.6	0.9	1.8
USDCHF	0.0	-	-	1.0	2.9
USDJPY	0.1	0.2	0.6	1.0	5.1
	0.0 PIPS*	1 - 10 PIPS*	11 - 25 PIPS*	25- 50 PIPS*	> 51 PIPS*
XAGUSD	0.0	1.0	17.0	-	763.3
	0.0 PIPS*	1 - 10 PIPS*	11 - 20 PIPS*	21- 30 PIPS*	> 31 PIPS*
XAUUSD	0.8	4.9	13.0	24.0	651.0

* 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	85.9%	88.7%	88.7%	99.6%	99.5%
EURGBP	75.9%	83.1%	85.0%	98.8%	98.9%
EURJPY	58.3%	60.5%	66.0%	69.6%	99.3%
EURUSD	75.9%	79.8%	85.1%	90.0%	99.1%
GBPJPY	81.5%	81.5%	81.5%	85.3%	98.9%
GBPUSD	81.3%	84.4%	84.6%	87.4%	99.0%
NZDUSD	85.7%	85.7%	85.7%	99.3%	99.3%
USDCAD	79.4%	82.6%	84.3%	91.6%	99.0%
USDCHF	75.0%	75.0%	75.0%	99.6%	99.6%
USDJPY	78.4%	88.1%	88.2%	90.4%	98.6%
	0.0 PIPS	=< 10 PIPS	=< 25 PIPS	=< 50 PIPS	All
XAGUSD	100.0%	100.0%	97.0%	97.0%	97.1%
	0.0 PIPS	=< 10 PIPS	=< 20 PIPS	=< 30 PIPS	All
XAUUSD	71.6%	87.9%	98.5%	98.5%	98.5%

Limit IOC Order Execution Speed

Time in Milliseconds	Fill Rate
< 50	89.8%
< 100	96.7%
< 250	99.4%
< 500	99.8%
< 1000	100.0%
Average execution speed	32 milliseconds

Market Order Statistics

Currency Pair	Price Improvement	Zero Slippage	Negative slippage	Average Net Improvement*	Fill Rate
AUDUSD	10.9%	76.4%	12.6%	0.0	100.0%
EURGBP	15.5%	69.3%	15.2%	0.0	100.0%
EURJPY	20.1%	62.1%	17.8%	0.0	100.0%
EURUSD	15.5%	68.3%	16.2%	0.0	100.0%
GBPJPY	24.2%	48.6%	27.3%	0.0	100.0%
GBPUSD	14.8%	69.5%	15.8%	0.0	100.0%
NZDUSD	9.7%	80.7%	9.6%	0.0	100.0%
USDCAD	15.3%	69.8%	14.8%	0.0	100.0%
USDCHF	10.7%	73.6%	15.7%	0.0	100.0%
USDJPY	18.8%	60.9%	20.3%	0.0	100.0%
XAGUSD	16.1%	63.0%	20.9%	-0.4	100.0%
XAUUSD	21.8%	56.4%	21.7%	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	88.3%
< 100	95.5%
< 250	99.4%
< 500	99.8%
< 1000	100.0%

Average execution speed	33 milliseconds

Resting Stop Order Statistics

Currency Pair	Zero Slippage	Negative Slippage	Average Negative Slippage (pips)*	Average Net Slippage (pips)**
AUDUSD	61.6%	38.4%	1.1	0.1
EURGBP	54.2%	45.8%	0.8	0.2
EURJPY	66.0%	34.0%	0.5	-0.1
EURUSD	53.3%	46.7%	0.6	0.1
GBPJPY	20.2%	79.8%	1.1	0.9
GBPUSD	41.5%	58.5%	1.2	0.5
NZDUSD	68.9%	31.1%	0.7	-0.1
USDCAD	53.0%	47.0%	2.0	0.7
USDCHF	68.2%	31.8%	1.3	0.1
USDJPY	50.6%	49.4%	0.6	0.2
XAGUSD	39.4%	60.6%	21.6	11.9
XAUUSD	29.2%	70.8%	15.0	10.0

Resting Limit Order Statistics

Currency Pair	Price improvement	Zero Slippage	Average Price Improvement (pips)*	Average Net Price Improvement (pips)**
AUDUSD	19.1%	80.9%	0.5	0.1
EURGBP	21.6%	78.4%	0.3	0.1
EURJPY	20.7%	79.3%	0.2	0.0
EURUSD	14.2%	85.8%	0.3	0.0
GBPJPY	42.5%	57.5%	0.3	0.1
GBPUSD	39.4%	60.6%	0.3	0.1
NZDUSD	18.6%	81.4%	0.3	0.1
USDCAD	30.0%	70.0%	0.6	0.2
USDCHF	21.2%	78.8%	0.3	0.1
USDJPY	18.5%	81.5%	0.4	0.1
XAGUSD	49.4%	50.6%	7.7	3.8
XAUUSD	44.4%	55.6%	4.7	2.1

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

Limit IOC Order Statistics

Currency Pair	Price Improvement*	Zero Slippage*	Negative Slippage*	Average Net Slippage (pips)*	Average Improvement (pips)**	Average Tolerance (pips)	Fill Rate***
AUDUSD	12.5%	74.8%	12.7%	0.0	1.2	1.1	99.5%
EURGBP	17.9%	65.6%	16.6%	0.0	0.9	0.9	99.2%
EURJPY	24.3%	54.6%	21.1%	0.0	21.2	21.2	99.8%
EURUSD	17.8%	64.4%	17.8%	0.0	2.1	2.1	99.8%
GBPJPY	24.7%	50.6%	24.7%	0.0	1.8	1.8	99.3%
GBPUSD	19.3%	62.4%	18.3%	0.0	2.0	2.0	98.9%
NZDUSD	13.5%	74.8%	11.6%	0.0	1.1	1.1	99.4%
USDCAD	15.3%	70.4%	14.4%	0.0	1.5	1.5	99.7%
USDCHF	15.5%	70.6%	13.9%	0.0	1.1	1.1	99.9%
USDJPY	19.2%	61.5%	19.3%	0.0	6.6	6.6	99.8%
XAGUSD	15.4%	71.5%	13.0%	0.8	45.0	44.2	96.1%
XAUUSD	27.3%	45.1%	27.6%	0.1	14.9	14.8	99.3%

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	0.1	0.5	0.8	40.3
EURGBP	0.2	0.1	0.3	0.9	5.7
EURJPY	0.1	0.2	0.4	1.1	21.5
EURUSD	0.1	0.2	0.6	1.0	2.2
GBPJPY	0.1	–	0.5	1.0	1.8
GBPUSD	0.1	0.2	0.6	1.0	2.1
NZDUSD	0.0	–	–	0.7	112.9
USDCAD	0.1	0.1	0.6	1.0	1.5
USDCHF	0.1	–	–	1.0	3.2
USDJPY	0.0	0.2	0.6	1.0	7.0
	0.0 pips*	1 - 10 pips*	11 - 25 pips*	25- 50 pips*	> 51 pips*
XAGUSD	–	4.7	17.7	–	731.6
	0.0 pips*	1 - 10 pips*	11 - 20 pips*	21- 30 pips*	> 31 pips*
XAUUSD	0.9	5.1	13.1	–	488.8

* 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	75.4%	85.2%	90.1%	99.3%	99.3%
EURGBP	70.4%	79.2%	79.5%	98.4%	98.4%
EURJPY	54.5%	69.5%	71.6%	72.5%	99.3%
EURUSD	76.8%	81.0%	86.2%	90.0%	99.3%
GBPJPY	67.9%	67.9%	71.9%	72.7%	99.1%
GBPUSD	77.5%	84.6%	85.7%	89.8%	98.6%
NZDUSD	83.1%	83.1%	83.1%	99.1%	99.1%
USDCAD	90.6%	91.5%	94.8%	97.0%	99.6%
USDCHF	62.5%	62.5%	62.5%	99.8%	99.8%
USDJPY	80.8%	90.5%	90.9%	93.9%	99.3%
	0.0 pips	=< 10 pips	=< 25 pips	=< 50 pips	All
XAGUSD	–	100.0%	96.0%	96.0%	96.1%
	0.0 pips	=< 10 pips	=< 20 pips	=< 30 pips	All
XAUUSD	74.9%	86.5%	98.9%	98.9%	98.9%

Limit IOC Order Execution Speed

Time in Milliseconds	Fill Rate
< 50	88.2%
< 100	96.0%
< 250	99.5%
< 500	99.9%
< 1000	100.0%
Average execution speed	34 milliseconds

Market Order Statistics

Currency Pair	Price Improvement	Zero Slippage	Negative Slippage	Average Net Improvement *	Fill Rate
AUDUSD	14.7%	72.2%	13.2%	0.0	100.0%
EURGBP	18.1%	64.0%	17.9%	0.0	100.0%
EURJPY	26.1%	49.1%	24.8%	0.0	100.0%
EURUSD	17.9%	63.8%	18.3%	0.0	100.0%
GBPJPY	28.3%	38.5%	33.2%	-0.1	100.0%
GBPUSD	18.5%	62.1%	19.4%	0.0	100.0%
NZDUSD	10.9%	76.7%	12.4%	0.0	100.0%
USDCAD	13.4%	72.2%	14.4%	0.0	100.0%
USDCHF	10.6%	70.8%	18.5%	0.0	100.0%
USDJPY	21.5%	56.4%	22.1%	0.0	100.0%
XAGUSD	17.7%	58.2%	24.1%	-3.1	100.0%
XAUUSD	26.3%	46.7%	27.0%	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	84.4%
< 100	94.3%
< 250	99.5%
< 500	99.9%
< 1000	99.9%
Average execution speed	37 milliseconds

Resting Stop Order Statistics

Currency Pair	Zero Slippage	Negative Slippage	Average Negative Slippage (pips)*	Average Net Slippage (pips)**
AUDUSD	59.5%	40.5%	0.6	‐0.3
EURGBP	53.6%	46.4%	1.0	0.0
EURJPY	57.4%	42.6%	0.6	0.0
EURUSD	48.4%	51.6%	0.7	0.1
GBPJPY	24.3%	75.7%	1.1	0.7
GBPUSD	43.0%	57.0%	1.4	0.3
NZDUSD	59.9%	40.1%	0.6	‐0.2
USDCAD	55.1%	44.9%	1.1	-0.1
USDCHF	66.2%	33.8%	0.9	0.0
USDJPY	46.2%	53.8%	0.6	0.0
XAGUSD	26.6%	73.4%	35.7	24.2
XAUUSD	34.5%	65.5%	16.4	8.4

Resting Limit Order Statistics

Currency Pair	Price improvement	Zero Slippage	Average Price Improvement (pips)*	Average Net Price Improvement (pips)**
AUDUSD	43.7%	56.3%	0.6	0.3
EURGBP	50.0%	50.0%	0.4	0.2
EURJPY	45.1%	54.9%	0.3	0.1
EURUSD	36.5%	63.5%	0.5	0.2
GBPJPY	43.9%	56.1%	0.4	0.2
GBPUSD	58.7%	41.3%	0.8	0.5
NZDUSD	45.4%	54.6%	0.6	0.3
USDCAD	43.5%	56.5%	0.6	0.3
USDCHF	45.8%	54.2%	0.5	0.2
USDJPY	36.5%	63.5%	0.4	0.2
XAGUSD	57.7%	42.3%	9.3	5.4

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

Limit IOC Order Statistics

Currency Pair	Price Improvement*	Zero Slippage*	Negative Slippage*	Average Net Slippage (pips)*	Average Improvement (pips)**	Average Tolerance (pips)	Fill Rate***
AUDUSD	15.1%	71.0%	13.9%	0.0	1.3	1.3	99.6%
EURGBP	17.6%	66.8%	15.7%	0.0	1.0	0.9	99.5%
EURJPY	23.1%	54.6%	22.3%	0.0	23.6	23.6	99.8%
EURUSD	19.3%	61.9%	18.8%	0.0	3.0	3.0	99.6%
GBPJPY	24.2%	50.7%	25.0%	0.0	1.8	1.8	99.1%
GBPUSD	18.6%	64.1%	17.3%	0.0	1.9	1.9	99.5%
NZDUSD	15.0%	71.2%	13.8%	0.0	0.8	0.8	98.7%
USDCAD	17.1%	66.0%	16.9%	0.0	1.9	1.9	99.4%
USDCHF	17.4%	66.9%	15.7%	0.0	1.0	1.0	99.8%
USDJPY	19.1%	61.6%	19.3%	0.0	6.8	6.8	99.7%
XAGUSD	16.3%	70.5%	13.2%	1.1	21.3	20.2	97.2%
XAUUSD	26.7%	46.6%	26.7%	0.1	14.5	14.4	99.3%

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	0.1	0.5	0.8	23.3
EURGBP	0.2	0.2	-	0.9	12.2
EURJPY	0.1	0.1	0.3	1.0	24.2
EURUSD	0.1	0.2	0.6	1.0	3.2
GBPJPY	0.0	-	0.5	1.1	1.8
GBPUSD	0.0	0.2	0.6	1.0	1.9
NZDUSD	0.0	-	-	0.7	14.1
USDCAD	0.0	-	0.5	1.0	1.9
USDCHF	0.0	-	0.5	1.0	3.7
USDJPY	0.1	0.2	0.6	1.0	7.0
	0.0 pips*	1 - 10 pips*	11 - 25 pips*	25- 50 pips*	> 51 pips*
XAGUSD	-	2.0	18.1	-	170.3
	0.0 pips*	1 - 10 pips*	11 - 20 pips*	21- 30 pips*	> 31 pips*
XAUUSD	0.7	3.8	13.1	25.4	350.3

* 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	78.6%	85.2%	94.4%	99.4%	99.4%
EURGBP	65.6%	71.7%	71.7%	98.0%	98.0%
EURJPY	72.4%	80.7%	80.9%	83.5%	99.3%
EURUSD	78.3%	83.9%	89.8%	91.8%	99.2%
GBPJPY	40.0%	40.0%	76.9%	90.0%	99.0%
GBPUSD	72.6%	78.9%	79.6%	86.3%	99.2%
NZDUSD	80.2%	80.2%	80.2%	98.2%	98.3%
USDCAD	89.0%	89.0%	89.1%	94.0%	99.3%
USDCHF	81.8%	81.8%	84.6%	99.7%	99.7%
USDJPY	66.8%	84.2%	86.1%	89.3%	99.2%
	0.0 pips	=< 10 pips	=< 25 pips	=< 50 pips	All
XAGUSD	-	100.0%	97.1%	97.1%	97.2%
	0.0 pips	=< 10 pips	=< 20 pips	=< 30 pips	All
XAUUSD	77.6%	89.6%	98.9%	98.9%	98.9%

Limit IOC Order Execution Speed

Time in Milliseconds	Fill Rate
< 50	88.6%
< 100	96.5%
< 250	99.6%
< 500	99.9%
< 1000	100.0%
Average execution speed	33 milliseconds

Resting Stop Order Statistics

Currency Pair	Zero Slippage	Negative Slippage	Average Negative Slippage (pips)*	Average Net Slippage (pips)**
AUDUSD	40.8%	59.2%	0.7	0.3
EURGBP	50.0%	50.0%	0.7	0.2
EURJPY	54.5%	45.5%	0.6	0.1
EURUSD	41.7%	58.3%	0.7	0.3
GBPJPY	41.8%	58.2%	3.8	1.9
GBPUSD	30.8%	69.2%	1.3	0.8
NZDUSD	39.9%	60.1%	1.0	0.4
USDCAD	39.1%	60.9%	2.9	1.6
USDCHF	40.6%	59.4%	1.0	0.4
USDJPY	36.1%	63.9%	0.8	0.4
XAGUSD	40.9%	59.1%	30.4	11.0
XAUUSD	31.4%	68.6%	13.1	8.0

Resting Limit Order Statistics

Currency Pair	Price Improvement	Zero Slippage	Average Price Improvement (pips)*	Average Net Price Improvement (pips)**
AUDUSD	76.5%	23.5%	0.5	0.4
EURGBP	69.3%	30.7%	0.4	0.3
EURJPY	69.4%	30.6%	0.4	0.3
EURUSD	61.3%	38.7%	0.4	0.2
GBPJPY	66.3%	33.7%	0.6	0.4
GBPUSD	77.8%	22.2%	0.7	0.6
NZDUSD	77.4%	22.6%	0.5	0.4
USDCAD	63.5%	36.5%	1.0	0.6
USDCHF	71.8%	28.2%	0.4	0.3
USDJPY	64.5%	35.5%	0.4	0.3
XAGUSD	72.2%	27.8%	15.4	11.1
XAUUSD	51.9%	48.1%	5.2	2.7

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

Limit IOC Order Statistics

Currency Pair	Price Improvement*	Zero Slippage*	Negative Slippage*	Average Net Slippage (pips)*	Average Improvement (pips)**	Average Tolerance (pips)	Fill Rate***
AUDUSD	18.8%	64.8%	16.4%	0.0	0.9	0.9	98.7%
EURGBP	21.9%	57.6%	20.4%	0.0	1.1	1.1	99.0%
EURJPY	25.8%	48.7%	25.5%	0.0	30.4	30.4	99.5%
EURUSD	22.8%	55.4%	21.8%	0.0	3.9	3.9	99.0%
GBPJPY	26.7%	45.5%	27.8%	0.0	2.4	2.4	99.1%
GBPUSD	21.0%	57.9%	21.2%	0.0	2.3	2.3	99.0%
NZDUSD	16.9%	66.2%	16.9%	0.0	0.7	0.7	98.6%
USDCAD	19.5%	61.3%	19.2%	0.0	3.8	3.8	98.1%
USDCHF	18.6%	65.2%	16.2%	0.0	1.1	1.0	99.2%
USDJPY	22.3%	54.5%	23.2%	0.0	7.5	7.5	99.4%
XAGUSD	19.6%	64.3%	16.0%	1.1	21.7	20.6	96.0%
XAUUSD	30.5%	40.9%	28.5%	0.4	13.2	12.8	98.6%

* Calculated from the indicative market price available in the client Quick Trade window at the time of order placement.
** Calculated from the Limit IOC order level.
*** 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	8.8
EURGBP	0.2	0.1	-	0.9	8.5
EURJPY	0.1	0.3	0.6	1.0	30.8
EURUSD	0.1	0.2	0.6	1.0	4.1
GBPJPY	0.0	-	0.4	0.9	2.5
GBPUSD	0.1	0.2	0.4	1.0	2.3
NZDUSD	0.0	-	-	0.7	5.6
USDCAD	0.0	-	-	1.0	3.8
USDCHF	0.0	0.2	-	1.0	2.8
USDJPY	0.1	0.3	0.6	1.0	7.7
	0.0 pips*	1 - 10 pips*	11 - 25 pips*	25- 50 pips*	> 51 pips*
XAGUSD	1.7	4.1	18.7	-	218.8
	0.0 pips*	1 - 10 pips*	11 - 20 pips*	21- 30 pips*	> 31 pips*
XAUUSD	1.0	4.1	13.4	29.3	93.0

* 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	77.6%	82.2%	86.1%	98.4%	98.4%
EURGBP	69.7%	70.6%	70.6%	97.6%	97.7%
EURJPY	80.0%	80.6%	88.2%	89.5%	99.3%
EURUSD	71.2%	77.9%	85.0%	86.6%	98.4%
GBPJPY	100.0%	100.0%	100.0%	94.7%	99.1%
GBPUSD	62.3%	80.5%	83.0%	85.9%	98.7%
NZDUSD	100.0%	100.0%	100.0%	98.6%	98.6%
USDCAD	55.6%	55.6%	55.6%	94.7%	98.0%
USDCHF	92.3%	95.2%	95.2%	99.2%	99.2%
USDJPY	69.6%	79.5%	82.9%	87.0%	98.8%
	0.0 pips	=< 10 pips	=< 25 pips	=< 50 pips	All
XAGUSD	75.0%	86.7%	95.7%	95.7%	95.8%
	0.0 pips	=< 10 pips	=< 20 pips	=< 30 pips	All
XAUUSD	80.5%	89.9%	98.3%	98.3%	98.3%

Limit IOC Order Execution Speed

Time in Milliseconds	Fill Rate
< 50	90.5%
< 100	96.6%
< 250	99.7%
< 500	99.9%
< 1000	100.0%
Average execution speed	30 milliseconds

Resting Stop Order Statistics

Currency Pair	Zero Slippage	Negative Slippage	Average Negative Slippage (pips)*	Average Net Slippage (pips)**
AUDUSD	60.7%	39.3%	0.4	0.2
EURGBP	56.2%	43.8%	0.5	0.2
EURJPY	48.8%	51.2%	0.5	0.2
EURUSD	55.2%	44.8%	0.8	0.3
GBPJPY	42.7%	57.3%	0.7	0.4
GBPUSD	45.6%	54.4%	0.7	0.4
NZDUSD	47.9%	52.1%	0.4	0.2
USDCAD	44.4%	55.6%	3.3	1.8
USDCHF	46.7%	53.3%	0.6	0.3
USDJPY	57.8%	42.2%	0.7	0.3
XAGUSD	28.0%	72.0%	17.0	11.7
XAUUSD	42.5%	57.5%	15.1	8.0

* 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	23.0%	77.0%	0.3	0.1
EURGBP	25.9%	74.1%	0.4	0.1
EURJPY	29.8%	70.2%	0.5	0.2
EURUSD	27.5%	72.5%	0.6	0.2
GBPJPY	45.9%	54.1%	0.6	0.3
GBPUSD	39.3%	60.7%	0.5	0.2
NZDUSD	31.0%	69.0%	0.3	0.1
USDCAD	42.8%	57.2%	1.3	0.6
USDCHF	39.0%	61.0%	0.4	0.2
USDJPY	27.0%	73.0%	0.6	0.2
XAGUSD	68.5%	31.5%	9.2	6.3
XAUUSD	51.4%	48.6%	12.8	6.6

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

Limit IOC Order Statistics

Currency Pair	Price Improvement*	Zero Slippage*	Negative Slippage*	Average Net Slippage (pips)*	Average Improvement (pips)**	Average Tolerance (pips)	Fill Rate***
AUDUSD	14.9%	70.4%	14.7%	0.0	0.9	0.9	99.2%
EURGBP	17.9%	63.6%	18.5%	0.0	1.2	1.2	99.5%
EURJPY	25.2%	48.2%	26.6%	0.0	22.7	22.7	99.6%
EURUSD	21.3%	57.4%	21.3%	0.0	2.9	2.9	99.2%
GBPJPY	25.5%	48.9%	25.6%	0.0	1.8	1.8	99.5%
GBPUSD	17.8%	64.1%	18.1%	0.0	1.8	1.8	99.5%
NZDUSD	17.3%	68.6%	14.1%	0.0	0.7	0.7	98.9%
USDCAD	19.6%	61.0%	19.4%	0.0	4.1	4.0	99.4%
USDCHF	16.1%	68.0%	15.9%	0.0	1.1	1.1	99.3%
USDJPY	21.2%	57.4%	21.4%	0.0	5.4	5.4	99.5%
XAGUSD	20.3%	64.9%	14.8%	1.9	20.2	18.3	94.5%
XAUUSD	28.7%	42.7%	28.6%	0.2	14.4	14.2	98.6%

* Calculated from the indicative market price available in the client Quick Trade window at the time of order placement.
**Calculated from the Limit IOC order level.
*** 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	14.0
EURGBP	0.0	-	-	0.9	13.3
EURJPY	0.1	0.1	0.5	1.0	23.2
EURUSD	0.1	0.2	0.6	1.0	3.0
GBPJPY	0.0	-	-	1.0	1.8
GBPUSD	0.1	0.2	0.4	1.0	1.9
NZDUSD	0.0	-	-	0.7	7.9
USDCAD	0.0	0.2	0.3	1.0	4.1
USDCHF	0.0	0.2	-	1.0	3.6
USDJPY	0.1	0.2	0.5	0.9	5.5
	0.0 pips*	1 - 10 pips*	11 - 25 pips*	25- 50 pips*	> 51 pips*
XAGUSD	2.5	5.6	18.9	-	253.4
	0.0 pips*	1 - 10 pips*	11 - 20 pips*	21- 30 pips*	> 31 pips*
XAUUSD	0.7	3.8	13.2	27.0	266.8

* 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	82.9%	88.7%	89.3%	98.9%	98.9%
EURGBP	65.1%	65.1%	65.1%	98.8%	98.9%
EURJPY	71.7%	72.9%	74.4%	77.6%	98.7%
EURUSD	74.5%	80.3%	85.1%	86.0%	98.7%
GBPJPY	100.0%	100.0%	100.0%	100.0%	99.5%
GBPUSD	61.4%	75.2%	78.6%	80.3%	98.9%
NZDUSD	76.5%	76.5%	76.5%	98.7%	98.7%
USDCAD	61.5%	58.8%	74.1%	90.9%	99.3%
USDCHF	73.7%	84.2%	84.2%	99.0%	99.1%
USDJPY	66.4%	76.6%	78.4%	80.5%	98.7%
	0.0 pips	=< 10 pips	=< 25 pips	=< 50 pips	All
XAGUSD	100.0%	90.4%	94.4%	94.4%	94.4%
	0.0 pips	=< 10 pips	=< 20 pips	=< 30 pips	All
XAUUSD	72.6%	85.8%	98.3%	98.3%	98.3%

Limit IOC Order Execution Speed

Time in Milliseconds	Fill Rate
< 50	91.3%
< 100	96.9%
< 250	99.7%
< 500	99.9%
< 1000	100.0%
Average execution speed	28 milliseconds

Resting Stop Order Statistics

Currency Pair	Zero Slippage	Negative Slippage	Average Negative Slippage (pips)*	Average Net Slippage (pips)**
AUDUSD	60.0%	40.0%	0.5	0.2
EURGBP	64.7%	35.3%	0.4	0.2
EURJPY	55.1%	44.9%	0.7	0.3
EURUSD	58.6%	41.4%	0.7	0.3
GBPJPY	44.9%	55.1%	1.1	0.6
GBPUSD	47.7%	52.3%	0.9	0.5
NZDUSD	51.2%	48.8%	0.9	0.5
USDCAD	50.1%	49.9%	0.7	0.3
USDCHF	50.2%	49.8%	0.4	0.2
USDJPY	56.1%	43.9%	0.8	0.3
XAGUSD	34.5%	65.5%	22.3	13.0
XAUUSD	35.4%	64.6%	31.3	20.2

Resting Limit Order Statistics

Currency Pair	Price Improvement	Zero Slippage	Average Price Improvement (pips)*	Average Net Price Improvement (pips)**
AUDUSD	29.5%	70.5%	0.3	0.1
EURGBP	32.7%	67.3%	0.3	0.1
EURJPY	38.5%	61.5%	0.5	0.2
EURUSD	34.7%	65.3%	0.6	0.2
GBPJPY	51.4%	48.6%	0.7	0.3
GBPUSD	47.6%	52.4%	0.5	0.2
NZDUSD	35.0%	65.0%	0.3	0.1
USDCAD	40.4%	59.6%	0.4	0.1
USDCHF	44.1%	55.9%	0.4	0.2
USDJPY	32.3%	67.7%	0.6	0.2
XAGUSD	70.8%	29.2%	17.8	12.6
XAUUSD	60.2%	39.8%	27.4	16.5

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

Limit IOC Order Statistics

Currency Pair	Price Improvement*	Zero Slippage*	Negative Slippage*	Average Net Slippage (pips)*	Average Improvement (pips)**	Average Tolerance (pips)	Fill Rate***
AUDUSD	16.0%	68.4%	15.7%	0.0	1.1	1.1	99.1%
EURGBP	17.7%	63.6%	18.7%	0.0	1.0	1.0	98.9%
EURJPY	27.2%	44.5%	28.3%	0.0	26.6	26.6	98.7%
EURUSD	21.6%	56.8%	21.6%	0.0	3.1	3.1	99.1%
GBPJPY	27.0%	46.0%	27.0%	0.0	2.6	2.6	99.1%
GBPUSD	19.1%	61.4%	19.5%	0.0	1.5	1.5	99.7%
NZDUSD	16.7%	67.6%	15.7%	0.0	0.9	0.9	98.1%
USDCAD	19.5%	61.1%	19.4%	0.0	4.3	4.3	99.2%
USDCHF	18.9%	63.9%	17.3%	0.0	1.0	1.0	99.6%
USDJPY	20.9%	58.2%	20.9%	0.0	3.3	3.3	99.6%
XAGUSD	16.1%	70.6%	13.4%	1.3	18.5	17.2	95.7%
XAUUSD	25.5%	50.1%	24.4%	0.2	27.7	27.5	99.1%

* Calculated from the indicative market price available in the client Quick Trade window at the time of order placement.
**Calculated from the Limit IOC order level.
*** 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	19.4
EURGBP	0.0	-	-	0.9	7.2
EURJPY	0.1	0.2	0.5	1.1	26.6
EURUSD	0.1	0.2	0.6	1.0	3.2
GBPJPY	0.0	-	0.5	1.1	2.6
GBPUSD	0.1	0.2	0.3	0.9	1.5
NZDUSD	0.0	-	-	0.7	21.3
USDCAD	0.1	0.2	0.4	1.0	4.4
USDCHF	0.1	0.2	-	1.0	2.9
USDJPY	0.1	0.2	0.6	1.0	3.4
	0.0 pips*	1 - 10 pips*	11 - 25 pips*	25- 50 pips*	> 51 pips*
XAGUSD	0.0	8.3	17.4	37.8	209.5
	0.0 pips*	1 - 10 pips*	11 - 20 pips*	21- 30 pips*	> 31 pips*
XAUUSD	0.6	7.7	12.4	24.4	1064.0

* 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	72.2%	86.8%	89.4%	98.8%	98.8%
EURGBP	79.6%	79.6%	79.6%	98.6%	98.6%
EURJPY	69.1%	70.9%	72.4%	72.2%	98.3%
EURUSD	73.1%	77.8%	81.4%	83.8%	98.6%
GBPJPY	75.0%	75.0%	83.3%	92.9%	99.1%
GBPUSD	62.8%	82.5%	84.9%	86.9%	99.1%
NZDUSD	60.0%	60.0%	60.0%	97.7%	97.7%
USDCAD	65.7%	67.7%	70.7%	82.4%	98.9%
USDCHF	57.1%	85.2%	85.2%	99.5%	99.5%
USDJPY	71.2%	81.3%	82.4%	86.7%	99.1%
	0.0 pips	=< 10 pips	=< 25 pips	=< 50 pips	All
XAGUSD	100.0%	85.0%	95.7%	95.7%	95.7%
	0.0 pips	=< 10 pips	=< 20 pips	=< 30 pips	All
XAUUSD	89.0%	91.0%	98.9%	98.9%	98.9%

Limit IOC Order Execution Speed

Time in Milliseconds	Fill Rate
< 50	90.6%
< 100	96.5%
< 250	99.5%
< 500	99.9%
< 1000	99.9%
Average execution speed	29 milliseconds

Resting Stop Order Statistics

Currency Pair	Zero Slippage	Negative Slippage	Average Negative Slippage (pips)*	Average Net Slippage (pips)**
AUDUSD	74.7%	25.2%	0.4	0.1
EURGBP	73.7%	26.3%	0.4	0.1
EURJPY	76.2%	23.8%	0.5	0.1
EURUSD	78.7%	21.2%	0.7	0.1
GBPJPY	58.5%	41.5%	0.3	0.1
GBPUSD	60.8%	39.2%	1.0	0.4
NZDUSD	71.6%	28.4%	0.5	0.1
USDCAD	70.0%	30.0%	0.7	0.2
USDCHF	72.9%	27.1%	0.4	0.1
USDJPY	78.9%	21.1%	0.7	0.1
XAGUSD	30.6%	69.4%	40.7	28.3
XAUUSD	50.4%	49.6%	12.0	6.0

Resting Limit Order Statistics

Currency Pair	Price Improvement	Zero Slippage	Average Price Improvement (pips)*	Average Net Price Improvement (pips)**
AUDUSD	24.6%	75.4%	0.3	0.1
EURGBP	22.8%	77.2%	0.3	0.1
EURJPY	23.2%	76.8%	0.4	0.1
EURUSD	22.4%	77.6%	0.8	0.2
GBPJPY	37.8%	62.2%	0.3	0.1
GBPUSD	38.2%	61.8%	0.6	0.2
NZDUSD	26.9%	73.1%	1.8	0.5
USDCAD	29.6%	70.4%	0.3	0.1
USDCHF	22.7%	77.3%	0.9	0.2
USDJPY	23.8%	76.2%	0.7	0.2
XAGUSD	61.6%	38.4%	77.4	47.6
XAUUSD	48.6%	51.4%	14.8	7.2

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

Limit IOC Order Statistics

Currency Pair	Price Improvement*	Zero Slippage*	Negative Slippage*	Average Net Slippage (pips)*	Average Improvement (pips)**	Average Tolerance (pips)	Fill Rate***
AUDUSD	15.4%	69.8%	14.8%	0.0	0.9	0.9	99.6%
EURGBP	19.3%	60.6%	20.1%	0.0	2.8	2.8	98.8%
EURJPY	26.1%	48.1%	25.8%	0.0	30.3	30.3	99.3%
EURUSD	20.8%	59.1%	20.1%	0.0	3.5	3.5	99.3%
GBPJPY	28.3%	44.0%	27.7%	0.0	3.2	3.2	98.7%
GBPUSD	22.3%	56.1%	21.6%	0.0	1.6	1.6	98.7%
NZDUSD	13.4%	73.3%	13.3%	0.0	0.8	0.8	99.1%
USDCAD	17.1%	66.4%	16.4%	0.0	1.7	1.7	99.6%
USDCHF	16.0%	68.0%	16.0%	0.0	1.0	1.0	99.5%
USDJPY	20.6%	58.1%	21.4%	0.0	3.5	3.5	99.5%
XAGUSD	16.9%	70.1%	13.0%	1.4	23.5	22.1	96.1%
XAUUSD	25.9%	49.3%	24.8%	0.3	19.8	19.5	98.8%

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	6.4
EURGBP	0.1	-	-	0.9	56.0
EURJPY	0.1	0.3	0.5	0.9	30.8
EURUSD	0.1	0.2	0.6	1.0	3.6
GBPJPY	0.1	-	0.7	1.0	3.3
GBPUSD	0.1	0.4	0.4	1.0	1.7
NZDUSD	0.0	-	-	0.7	44.3
USDCAD	0.1	-	-	0.9	1.7
USDCHF	0.0	0.2	-	1.0	2.6
USDJPY	0.1	0.2	0.6	1.0	3.6
	0.0 pips*	1 - 10 pips*	11 - 25 pips*	25- 50 pips*	> 51 pips*
XAGUSD	1.9	10.9	18.5	-	552.6
	0.0 pips*	1 - 10 pips*	11 - 20 pips*	21- 30 pips*	> 31 pips*
XAUUSD	1.3	6.2	13.1	25.5	748.6

* 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	67.9%	79.2%	80.8%	98.9%	98.9%
EURGBP	79.3%	79.3%	79.3%	98.6%	98.6%
EURJPY	75.9%	77.7%	78.0%	80.9%	98.9%
EURUSD	71.4%	77.2%	80.3%	82.9%	98.6%
GBPJPY	100.0%	100.0%	100.0%	98.8%	98.7%
GBPUSD	66.7%	81.1%	83.7%	85.4%	97.8%
NZDUSD	79.3%	79.3%	79.3%	99.0%	99.0%
USDCAD	85.7%	85.7%	85.7%	97.7%	99.6%
USDCHF	84.6%	92.5%	92.5%	99.4%	99.2%
USDJPY	72.4%	81.9%	83.6%	87.7%	99.0%
	0.0 pips	=< 10 pips	=< 25 pips	=< 50 pips	All
XAGUSD	82.4%	83.1%	95.6%	95.6%	95.7%
	0.0 pips	=< 10 pips	=< 20 pips	=< 30 pips	All
XAUUSD	71.8%	87.1%	98.6%	98.6%	98.6%

Limit IOC Order Execution Speed

Time in Milliseconds	Fill Rate
< 50	92.2%
< 100	97.3%
< 250	99.6%
< 500	99.9%
< 1000	100.0%
Average execution speed	27 milliseconds

Resting Stop Order Statistics

Currency Pair	Zero Slippage	Negative Slippage	Average Negative Slippage (pips)*	Average Net Slippage (pips)**
AUDUSD	80.1%	19.9%	0.4	0.1
EURGBP	66.6%	33.4%	13.7	4.6
EURJPY	79.7%	20.3%	0.3	0.1
EURUSD	78.5%	21.5%	0.4	0.1
GBPJPY	63.1%	36.9%	7.0	2.6
GBPUSD	59.4%	40.6%	10.9	4.4
NZDUSD	75.6%	24.4%	2.2	0.5
USDCAD	71.1%	28.9%	0.4	0.1
USDCHF	78.5%	21.5%	0.2	0.0
USDJPY	82.9%	17.1%	0.5	0.1
XAGUSD	18.3%	81.5%	23.7	19.1
XAUUSD	49.3%	50.7%	12.0	6.1

Resting Limit Order Statistics

Currency Pair	Price Improvement	Zero Slippage	Average Price Improvement (pips)*	Average Net Price Improvement (pips)**
AUDUSD	28.1%	71.9%	1.0	0.3
EURGBP	31.7%	68.3%	9.0	2.9
EURJPY	21.3%	78.7%	1.3	0.3
EURUSD	23.3%	76.7%	0.8	0.2
GBPJPY	40.0%	60.0%	12.2	4.9
GBPUSD	41.8%	58.2%	9.2	3.8
NZDUSD	25.1%	74.9%	1.5	0.4
USDCAD	28.6%	71.4%	0.9	0.2
USDCHF	25.1%	74.9%	0.5	0.1
USDJPY	20.3%	79.7%	1.1	0.2
XAGUSD	70.2%	29.8%	41.5	29.1
XAUUSD	49.4%	50.6%	12.0	5.9

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

Limit IOC Order Statistics

Currency Pair	Price Improvement*	Zero Slippage*	Negative Slippage*	Average Net Slippage (pips)*	Average Improvement (pips)**	Average Tolerance (pips)	Fill Rate***
AUDUSD	14.9%	71.4%	13.7%	0.0	1.0	1.0	99.4%
EURGBP	18.4%	62.9%	18.7%	0.0	0.9	0.9	99.5%
EURJPY	24.0%	51.1%	24.9%	0.0	46.5	46.5	99.6%
EURUSD	18.4%	63.4%	18.2%	0.0	5.4	5.4	99.7%
GBPJPY	24.6%	50.3%	25.1%	0.0	3.3	3.3	99.0%
GBPUSD	19.9%	60.1%	20.1%	0.0	1.4	1.4	99.3%
NZDUSD	12.2%	75.0%	12.8%	0.0	1.0	1.0	99.3%
USDCAD	17.7%	64.5%	17.8%	0.0	1.5	1.5	99.7%
USDCHF	13.5%	72.4%	14.2%	0.0	1.1	1.1	99.7%
USDJPY	20.1%	58.7%	21.2%	0.0	4.7	4.7	99.6%
XAGUSD	15.5%	72.5%	12.1%	1.5	22.0	20.5	95.2%
XAUUSD	26.2%	47.8%	26.0%	0.2	19.9	19.7	98.9%

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	0.1	0.5	0.7	18.5
EURGBP	0.0	-	0.4	0.9	3.2
EURJPY	0.1	0.1	0.4	0.9	47.0
EURUSD	0.1	0.2	0.6	1.0	5.5
GBPJPY	0.0	-	0.4	1.1	3.4
GBPUSD	0.1	0.2	0.5	0.9	1.5
NZDUSD	0.1	-	-	0.7	48.6
USDCAD	0.0	-	0.7	1.0	1.5
USDCHF	0.0	0.2	-	1.0	5.9
USDJPY	0.1	0.2	0.6	0.9	4.9
	0.0 pips*	1 - 10 pips*	11 - 25 pips*	25- 50 pips*	> 51 pips*
XAGUSD	2.4	5.8	18.1	52.0	350.5
	0.0 pips*	1 - 10 pips*	11 - 20 pips*	21- 30 pips*	> 31 pips*
XAUUSD	0.5	4.6	12.7	24.9	833.8

* 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	83.5%	86.8%	88.7%	99.1%	99.2%
EURGBP	76.9%	76.9%	77.8%	99.3%	99.5%
EURJPY	78.5%	82.4%	89.4%	90.1%	99.6%
EURUSD	71.8%	77.1%	83.4%	85.7%	99.6%
GBPJPY	91.7%	91.7%	97.8%	98.5%	99.1%
GBPUSD	77.3%	86.9%	91.4%	92.1%	99.2%
NZDUSD	81.0%	81.0%	81.0%	99.2%	99.3%
USDCAD	77.8%	77.8%	78.9%	95.3%	99.7%
USDCHF	72.0%	73.1%	73.1%	99.6%	99.7%
USDJPY	66.8%	74.5%	78.0%	83.5%	99.4%
	0.0 pips	=< 10 pips	=< 25 pips	=< 50 pips	All
XAGUSD	97.1%	88.5%	95.8%	95.9%	96.0%
	0.0 pips	=< 10 pips	=< 20 pips	=< 30 pips	All
XAUUSD	82.9%	93.0%	98.8%	98.8%	98.9%

Limit IOC Order Execution Speed

Time in Milliseconds	Fill Rate
< 50	90.3%
< 100	96.7%
< 250	99.7%
< 500	99.9%
< 1000	100.0%

Average execution speed	29 milliseconds

Resting Stop Order Statistics

Currency Pair	Zero Slippage	Negative Slippage	Average Negative Slippage (pips)*	Average Net Slippage (pips)**
AUDUSD	75.7%	24.3%	0.4	0.1
EURGBP	79.3%	20.7%	0.3	0.1
EURJPY	80.5%	19.5%	0.3	0.1
EURUSD	83.1%	16.9%	0.7	0.1
GBPJPY	58.1%	41.9%	0.4	0.1
GBPUSD	71.3%	28.7%	0.4	0.1
NZDUSD	70.4%	29.6%	2.4	0.7
USDCAD	76.8%	23.2%	0.2	0.1
USDCHF	81.8%	18.2%	0.2	0.0
USDJPY	85.2%	14.8%	0.4	0.1
XAGUSD	29.1%	70.3%	23.1	16.1
XAUUSD	46.3%	53.6%	11.3	6.1

Resting Limit Order Statistics

Currency Pair	Price Improvement	Zero Slippage	Average Price Improvement (pips)*	Average Net Price Improvement (pips)**
AUDUSD	24.1%	75.9%	0.2	0.1
EURGBP	17.8%	82.2%	0.2	0.0
EURJPY	18.7%	81.3%	0.2	0.0
EURUSD	18.8%	81.2%	0.2	0.0
GBPJPY	35.6%	64.4%	0.4	0.1
GBPUSD	34.6%	65.4%	0.4	0.1
NZDUSD	25.7%	74.3%	0.3	0.1
USDCAD	21.5%	78.5%	0.2	0.0
USDCHF	21.4%	78.6%	0.2	0.1
USDJPY	17.3%	82.7%	0.3	0.1
XAGUSD	61.0%	39.0%	33.0	20.1
XAUUSD	48.3%	51.7%	12.1	5.8

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

Limit IOC Order Statistics

Currency Pair	Price Improvement*	Zero Slippage*	Negative Slippage*	Average Net Slippage (pips)*	Average Improvement (pips)**	Average Tolerance (pips)	Fill Rate***
AUDUSD	14.3%	72.4%	13.3%	0.0	1.0	1.0	99.5%
EURGBP	19.5%	61.4%	19.1%	0.0	0.9	0.9	99.3%
EURJPY	24.9%	50.3%	24.8%	0.0	1.4	1.4	99.1%
EURUSD	18.2%	64.0%	17.9%	0.0	1.4	1.3	99.3%
GBPJPY	26.5%	47.3%	26.2%	0.0	2.1	2.1	99.1%
GBPUSD	20.2%	59.8%	20.0%	0.0	1.3	1.3	99.0%
NZDUSD	13.3%	75.8%	10.8%	0.0	0.7	0.7	99.8%
USDCAD	17.1%	65.7%	17.2%	0.0	1.5	1.5	99.5%
USDCHF	13.8%	69.7%	16.5%	0.0	1.1	1.1	99.6%
USDJPY	21.5%	56.2%	22.3%	0.0	2.3	2.3	99.4%
XAGUSD	16.7%	70.8%	12.5%	1.7	19.3	17.6	95.8%
XAUUSD	28.9%	44.3%	26.8%	0.4	27.4	27.0	98.5%

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	4.1
EURGBP	0.0	0.1	0.5	0.9	1.4
EURJPY	0.1	0.1	0.6	0.9	1.5
EURUSD	0.1	0.2	0.6	0.9	1.5
GBPJPY	0.1	0.0	0.4	1.0	2.2
GBPUSD	0.2	0.2	0.6	1.0	1.4
NZDUSD	0.0	0.2	0.5	0.8	1.2
USDCAD	0.0	0.4	0.6	1.0	1.5
USDCHF	-	0.2	0.5	1.0	1.7
USDJPY	0.0	0.2	0.6	0.9	2.5
	0.0 pips*	1 - 10 pips*	11 - 25 pips*	25- 50 pips*	> 51 pips*
XAGUSD	5.9	10.2	19.5	-	142.0
	0.0 pips*	1 - 10 pips*	11 - 20 pips*	21- 30 pips*	> 31 pips*
XAUUSD	1.2	6.0	13.3	25.0	912.0

* 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	86.2%	79.4%	93.3%	98.6%	98.8%
EURGBP	66.7%	75.8%	91.9%	98.3%	98.6%
EURJPY	68.6%	71.3%	72.0%	96.1%	99.0%
EURUSD	73.3%	70.0%	82.3%	92.5%	98.5%
GBPJPY	68.2%	69.6%	78.4%	94.4%	99.0%
GBPUSD	72.7%	79.8%	85.6%	94.5%	98.6%
NZDUSD	91.7%	92.9%	97.5%	99.3%	99.5%
USDCAD	70.4%	72.4%	81.4%	98.0%	99.5%
USDCHF	0.0%	75.0%	95.6%	99.1%	99.3%
USDJPY	69.1%	70.5%	78.1%	91.6%	99.1%
	0.0 pips	=< 10 pips	=< 25 pips	=< 50 pips	All
XAGUSD	70.8%	76.1%	94.9%	94.9%	95.2%
	0.0 pips	=< 10 pips	=< 20 pips	=< 30 pips	All
XAUUSD	85.7%	88.2%	98.4%	98.4%	98.5%

Limit IOC Order Execution Speed

Time in Milliseconds	Fill Rate
< 50	88.5%
< 100	95.3%
< 250	99.6%
< 500	99.9%
< 1000	100.0%
Average execution speed	32

Resting Stop Order Statistics

Currency Pair	Zero Slippage	Negative Slippage	Average Negative Slippage (pips)*	Average Net Slippage (pips)**
AUDUSD	78.7%	21.3%	0.5	0.1
EURGBP	77.9%	22.1%	0.3	0.1
EURJPY	78.5%	21.5%	0.2	0.0
EURUSD	79.9%	20.1%	0.3	0.1
GBPJPY	65.1%	34.9%	0.3	0.1
GBPUSD	65.5%	34.5%	0.3	0.1
NZDUSD	77.5%	22.5%	0.3	0.1
USDCAD	69.4%	30.6%	0.4	0.1
USDCHF	77.4%	22.6%	0.7	0.2
USDJPY	83.3%	16.7%	0.6	0.1
XAGUSD	47.0%	53.0%	52.8	28.0
XAUUSD	49.1%	50.9%	34.4	17.5

Resting Limit Order Statistics

Currency Pair	Price Improvement	Zero Slippage	Average Price Improvement (pips)*	Average Net Price Improvement (pips)**
AUDUSD	29.4%	70.6%	0.7	0.2
EURGBP	26.0%	74.0%	1.0	0.2
EURJPY	25.0%	75.0%	4.9	1.2
EURUSD	22.5%	77.5%	1.8	0.4
GBPJPY	34.3%	65.7%	2.8	1.0
GBPUSD	34.6%	65.4%	0.6	0.2
NZDUSD	28.7%	71.3%	0.4	0.1
USDCAD	27.2%	72.8%	0.9	0.3
USDCHF	21.6%	78.4%	1.9	0.4
USDJPY	21.5%	78.5%	1.3	0.3
XAGUSD	67.0%	33.0%	43.3	29.0
XAUUSD	53.8%	46.2%	17.3	9.3

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

Limit IOC Order Statistics

Currency Pair	Price Improvement*	Zero Slippage*	Negative Slippage*	Average Net Slippage (pips)*	Average Improvement (pips)**	Average Tolerance (pips)	Fill Rate***
AUDUSD	18.1%	64.9%	17.0%	0.0	1.1	1.1	99.1%
EURGBP	20.4%	58.9%	20.7%	0.0	0.9	0.9	99.3%
EURJPY	24.3%	51.0%	24.7%	0.0	1.5	1.5	99.5%
EURUSD	19.6%	61.5%	18.9%	0.0	1.3	1.3	99.4%
GBPJPY	27.1%	47.1%	25.8%	0.0	1.7	1.7	98.8%
GBPUSD	23.1%	55.7%	21.2%	0.0	1.6	1.6	99.0%
NZDUSD	15.9%	68.6%	15.6%	0.0	0.7	0.7	98.8%
USDCAD	17.7%	64.6%	17.7%	0.0	1.4	1.4	99.6%
USDCHF	15.7%	69.8%	14.5%	0.0	1.2	1.2	99.7%
USDJPY	23.0%	54.5%	22.4%	0.0	1.6	1.6	99.3%
XAGUSD	18.6%	67.5%	13.8%	1.8	21.8	20.0	95.7%
XAUUSD	29.0%	43.5%	27.6%	0.3	16.3	16.0	98.5%

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	22.9
EURGBP	0.1	0.1	-	0.9	6.1
EURJPY	0.0	0.4	-	1.0	1.5
EURUSD	0.1	0.2	0.6	1.0	1.3
GBPJPY	0.1	-	0.6	0.8	1.7
GBPUSD	0.1	0.2	0.7	1.1	1.7
NZDUSD	0.0	0.1	-	0.7	2.1
USDCAD	0.1	-	-	1.0	1.4
USDCHF	0.0	0.2	-	1.0	3.1
USDJPY	0.1	0.2	0.6	1.0	1.7
	0.0 pips*	1 - 10 pips*	11 - 25 pips*	25- 50 pips*	> 51 pips*
XAGUSD	4.5	9.3	19.4	-	1135.4
	0.0 pips*	1 - 10 pips*	11 - 20 pips*	21- 30 pips*	> 31 pips*
XAUUSD	1.2	5.5	12.6	22.8	374.4

* 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%	76.5%	78.0%	98.1%	99.0%
EURGBP	72.6%	73.0%	73.0%	98.7%	99.3%
EURJPY	84.6%	81.3%	81.3%	92.5%	99.5%
EURUSD	75.3%	77.7%	79.7%	85.1%	99.2%
GBPJPY	92.3%	92.3%	96.6%	96.9%	98.8%
GBPUSD	68.9%	77.4%	82.2%	83.3%	98.5%
NZDUSD	70.7%	73.5%	73.5%	98.5%	98.8%
USDCAD	71.2%	71.2%	71.2%	75.8%	99.6%
USDCHF	85.7%	93.8%	93.8%	99.6%	99.7%
USDJPY	62.3%	67.2%	73.1%	78.8%	99.0%
	0.0 pips	=< 10 pips	=< 25 pips	=< 50 pips	All
XAGUSD	79.5%	81.4%	95.5%	95.5%	95.7%
	0.0 pips	=< 10 pips	=< 20 pips	=< 30 pips	All
XAUUSD	79.2%	82.1%	98.3%	98.3%	98.5%

Resting Stop Order Statistics

Currency Pair	Zero Slippage	Negative Slippage	Average Negative Slippage (pips)*	Average Net Slippage (pips)**
AUDUSD	78.2%	21.8%	0.6	0.1
EURGBP	74.0%	26.0%	0.6	0.2
EURJPY	76.8%	23.2%	2.5	0.6
EURUSD	79.1%	20.9%	0.5	0.1
GBPJPY	63.7%	36.3%	0.6	0.2
GBPUSD	64.2%	35.8%	0.4	0.1
NZDUSD	72.3%	27.7%	1.3	0.4
USDCAD	74.5%	25.5%	0.5	0.1
USDCHF	77.9%	22.1%	0.3	0.1
USDJPY	83.1%	16.9%	0.6	0.1
XAGUSD	53.9%	45.9%	45.3	20.3
XAUUSD	47.8%	52.2%	14.6	7.6

Resting Limit Order Statistics

Currency Pair	Price Improvement	Zero Slippage	Average Price Improvement (pips)*	Average Net Price Improvement (pips)**
AUDUSD	23.5%	76.5%	0.3	0.1
EURGBP	22.2%	77.8%	0.3	0.1
EURJPY	18.4%	81.6%	0.3	0.1
EURUSD	19.6%	80.4%	0.3	0.1
GBPJPY	33.3%	66.7%	0.3	0.1
GBPUSD	34.2%	65.8%	0.3	0.1
NZDUSD	24.9%	75.1%	0.2	0.1
USDCAD	20.0%	80.0%	0.3	0.1
USDCHF	20.0%	80.0%	0.4	0.1
USDJPY	16.8%	83.2%	0.5	0.1
XAGUSD	60.0%	40.0%	31.4	18.8
XAUUSD	50.5%	49.5%	10.5	5.3

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

Limit IOC Order Statistics

Currency Pair	Price Improvement*	Zero Slippage*	Negative Slippage*	Average Net Slippage (pips)*	Average Improvement (pips)**	Average Tolerance (pips)	Fill Rate***
AUDUSD	18.5%	63.1%	18.4%	0.0	0.8	0.8	99.3%
EURGBP	22.6%	56.1%	21.3%	0.0	0.9	0.9	98.7%
EURJPY	25.0%	49.0%	26.0%	0.0	1.3	1.3	99.7%
EURUSD	19.8%	60.3%	19.8%	0.0	1.2	1.2	99.5%
GBPJPY	29.7%	39.9%	30.4%	0.0	1.8	1.8	98.6%
GBPUSD	23.7%	52.8%	23.5%	0.0	1.4	1.4	98.6%
NZDUSD	16.5%	66.7%	16.8%	0.0	0.7	0.7	98.7%
USDCAD	18.5%	62.5%	19.0%	0.0	1.4	1.4	99.7%
USDCHF	16.9%	66.3%	16.8%	0.0	1.0	1.0	99.5%
USDJPY	23.1%	53.0%	23.9%	0.0	1.5	1.5	99.1%
XAGUSD	16.4%	70.7%	12.9%	0.7	25.5	24.8	96.8%
XAUUSD	28.7%	43.1%	28.2%	0.1	12.6	12.6	98.3%

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	0.1	0.4	0.8	42.2
EURGBP	0.1	-	-	0.9	5.7
EURJPY	0.1	-	-	1.1	1.3
EURUSD	0.1	0.2	0.5	1.0	1.3
GBPJPY	0.0	0.4	0.7	1.0	1.8
GBPUSD	0.1	0.2	0.7	1.0	1.4
NZDUSD	0.1	-	-	0.7	2.9
USDCAD	0.0	-	-	1.0	1.4
USDCHF	0.1	0.2	-	1.0	3.9
USDJPY	0.1	0.2	0.5	1.0	1.6
	0.0 pips*	1 - 10 pips*	11 - 25 pips*	25- 50 pips*	> 51 pips*
XAGUSD	1.7	3.4	18.5	35.0	5451.8
	0.0 pips*	1 - 10 pips*	11 - 20 pips*	21- 30 pips*	> 31 pips*
XAUUSD	0.7	4.3	12.3	23.8	60.3

* 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	77.5%	80.5%	81.1%	98.6%	99.1%
EURGBP	84.3%	84.3%	84.3%	98.6%	98.8%
EURJPY	38.5%	38.5%	38.5%	52.9%	99.7%
EURUSD	67.6%	73.2%	75.9%	90.2%	99.3%
GBPJPY	81.8%	83.8%	84.6%	93.4%	98.6%
GBPUSD	68.6%	76.9%	77.2%	78.8%	98.3%
NZDUSD	90.0%	90.0%	90.0%	98.6%	98.7%
USDCAD	85.7%	85.7%	85.7%	98.9%	99.7%
USDCHF	85.7%	90.9%	90.9%	99.5%	99.5%
USDJPY	75.6%	77.0%	79.4%	87.3%	98.9%
	0.0 pips	=< 10 pips	=< 25 pips	=< 50 pips	All
XAGUSD	82.8%	83.8%	96.6%	96.6%	96.9%
	0.0 pips	=< 10 pips	=< 20 pips	=< 30 pips	All
XAUUSD	78.6%	82.8%	98.1%	98.1%	98.2%

Resting Stop Order Statistics

Currency Pair	Zero Slippage	Negative Slippage	Average Negative Slippage (pips)*	Average Net Slippage (pips)**
AUDUSD	79.2%	20.8%	0.3	0.1
EURGBP	72.9%	27.1%	0.2	0.1
EURJPY	79.7%	20.3%	0.2	0.0
EURUSD	79.9%	20.1%	0.6	0.1
GBPJPY	62.1%	37.9%	0.3	0.1
GBPUSD	66.4%	33.6%	0.3	0.1
NZDUSD	74.2%	25.8%	0.3	0.1
USDCAD	69.6%	30.4%	1.8	0.5
USDCHF	73.6%	26.4%	0.5	0.1
USDJPY	80.1%	19.9%	0.5	0.1
XAGUSD	62.8%	37.2%	37.7	14.1
XAUUSD	47.7%	52.3%	34.0	17.8

Resting Limit Order Statistics

Currency Pair	Price Improvement	Zero Slippage	Average Price Improvement (pips)*	Average Net Price Improvement (pips)**
AUDUSD	24.3%	75.7%	0.3	0.1
EURGBP	27.3%	72.7%	0.4	0.1
EURJPY	22.9%	77.1%	0.4	0.1
EURUSD	24.3%	75.7%	0.4	0.1
GBPJPY	39.8%	60.2%	0.4	0.2
GBPUSD	34.6%	65.4%	0.4	0.1
NZDUSD	24.2%	75.8%	0.4	0.1
USDCAD	34.1%	65.9%	1.3	0.4
USDCHF	37.5%	62.5%	0.3	0.1
USDJPY	20.7%	79.3%	0.4	0.1
XAGUSD	61.2%	38.8%	25.5	15.6
XAUUSD	51.3%	48.7%	20.7	10.7

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

Limit IOC Order Statistics

Currency Pair	Price Improvement*	Zero Slippage*	Negative Slippage*	Average Net Slippage (pips)*	Average Improvement (pips)**	Average Tolerance (pips)	Fill Rate***
AUDUSD	25.7%	51.0%	23.3%	0.0	1.4	1.4	99.2%
EURGBP	27.7%	46.9%	25.5%	0.0	0.9	0.9	97.6%
EURJPY	28.5%	41.1%	30.4%	0.0	1.3	1.3	99.1%
EURUSD	26.7%	48.0%	25.3%	0.0	1.3	1.2	98.7%
GBPJPY	31.7%	33.4%	34.9%	0.0	1.5	1.6	97.8%
GBPUSD	25.6%	47.3%	27.2%	0.0	1.2	1.2	97.8%
NZDUSD	21.5%	57.3%	21.2%	0.0	0.7	0.7	98.4%
USDCAD	25.1%	50.9%	24.0%	0.0	1.3	1.3	98.9%
USDCHF	23.3%	52.3%	24.4%	0.0	1.0	1.0	98.7%
USDJPY	28.3%	41.8%	29.9%	0.0	1.5	1.5	97.7%
XAGUSD	23.7%	59.4%	16.9%	1.2	18.3	17.1	93.5%
XAUUSD	30.3%	37.8%	31.9%	0.0	12.1	12.2	98.0%

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	0.1	-	0.8	145.1
EURGBP	0.0	-	-	0.9	6.5
EURJPY	-	-	0.5	-	1.3
EURUSD	0.0	0.1	0.5	1.0	1.3
GBPJPY	-	0.1	0.5	-	1.6
GBPUSD	0.0	0.1	0.5	1.0	1.2
NZDUSD	0.0	-	-	0.7	3.0
USDCAD	0.0	-	-	1.0	1.3
USDCHF	0.0	-	-	1.0	2.0
USDJPY	0.0	0.1	0.6	1.0	1.5
	0.0 pips*	1 - 10 pips*	11 - 25 pips*	25- 50 pips*	> 51 pips*
XAGUSD	-	-	17.0	-	85.9
	0.0 pips*	1 - 10 pips*	11 - 20 pips*	21- 30 pips*	> 31 pips*
XAUUSD	0.0	4.8	12.0	24.0	59.0

* 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	65.6%	68.1%	68.1%	97.7%	98.5%
EURGBP	63.0%	63.0%	63.0%	97.0%	97.7%
EURJPY	-	-	100.0%	100.0%	99.1%
EURUSD	67.0%	70.5%	75.4%	83.9%	98.5%
GBPJPY	-	100.0%	83.3%	83.3%	97.8%
GBPUSD	66.7%	79.7%	79.2%	80.3%	97.2%
NZDUSD	63.6%	63.6%	63.6%	98.2%	98.5%
USDCAD	50.0%	50.0%	50.0%	92.6%	98.9%
USDCHF	58.3%	58.3%	58.3%	98.3%	98.7%
USDJPY	59.1%	71.4%	75.9%	84.1%	97.2%
	0.0 pips	=< 10 pips	=< 25 pips	=< 50 pips	All
XAGUSD	-	-	93.5%	93.5%	93.5%
	0.0 pips	=< 10 pips	=< 20 pips	=< 30 pips	All
XAUUSD	64.1%	75.2%	97.6%	97.7%	97.9%

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

Resting Stop Order Statistics

Currency Pair	Zero Slippage	Negative Slippage	Average Negative Slippage (pips)*	Average Net Slippage (pips)**
AUDUSD	78.9%	21.1%	0.3	0.1
EURGBP	76.0%	24.0%	0.3	0.1
EURJPY	72.3%	27.7%	0.3	0.1
EURUSD	80.7%	19.3%	0.4	0.1
GBPJPY	57.8%	42.2%	0.4	0.2
GBPUSD	60.0%	40.0%	0.4	0.2
NZDUSD	70.0%	30.0%	0.3	0.1
USDCAD	69.2%	30.8%	0.3	0.1
USDCHF	75.5%	24.5%	0.7	0.2
USDJPY	78.7%	21.3%	0.5	0.1
XAGUSD	14.0%	86.0%	100.5	86.4
XAUUSD	52.5%	47.5%	8.2	3.9

Resting Limit Order Statistics

Currency Pair	Price Improvement	Zero Slippage	Average Price Improvement (pips)*	Average Net Price Improvement (pips)**
AUDUSD	21.7%	78.3%	0.3	0.1
EURGBP	27.0%	73.0%	0.4	0.1
EURJPY	26.5%	73.5%	0.4	0.1
EURUSD	24.8%	75.2%	0.5	0.1
GBPJPY	38.3%	61.7%	0.5	0.2
GBPUSD	39.7%	60.3%	0.4	0.2
NZDUSD	31.7%	68.3%	0.3	0.1
USDCAD	30.8%	69.2%	0.5	0.1
USDCHF	24.6%	75.4%	0.5	0.1
USDJPY	23.5%	76.5%	0.3	0.1
XAGUSD	68.6%	31.4%	77.0	52.8
XAUUSD	47.0%	53.0%	7.7	3.6

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

Forex wordt geclassificeerd als rood product omdat het wordt beschouwd als complex beleggingsproduct met een hoog risico.

Deense banken zijn verplicht om beleggingsproducten voor particulieren naar complexiteit en risico te classificeren als: groen, geel of rood.

Orders and Execution

Order Driven Execution Statistics

May 2018

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 2018

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

March 2018

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

February 2018

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

January 2018

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

December 2017

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

November 2017

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 2017

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

Resting Stop Order Statistics

Resting Limit Order Statistics

September 2017

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

Resting Stop Order Statistics

Resting Limit Order Statistics

August 2017