Trading Conditions
Slippage
Markets Invest maintains fill ratios with our LPs of greater than 90% and uses ‘no last look’ when supported for improved execution and reduced slippage on your trades.
What is slippage and why does it occur?
Slippage is the difference between your ‘requested price and the executed price’ or the ‘market price vs your executed price’.
Slippage generally occurs for three reasons:
- Latency - a delay between an order being received and its execution, or
- Liquidity - a lack of liquidity/market depth resulting in VWAP (volume weighted average price) slippage; or
- Liquidity - high rejection rates from liquidity providers causing an order to sweep the order book.
Fast execution speeds from <1ms
We select the technology providers that give us the lowest latency for reduced slippage on your trades. Markets Invest hosts all trading infrastructure within Equinix NY4 data center and utilizes cross-connects to all trading counterparties for the lowest possible latency.
You can check your trade receipts and routinely see fills speeds of less than 1ms with one of our liquidity providers on the other side. That’s world-class trading!
3 Prime Brokers & 26+ Liquidity providers
Our three prime broker relationships gives us access to the world’s largest and best tier-1 bank, non-bank and ECN liquidity providers across all markets.
- Direct liquidity provider relationships allow us to specify the best trading counterparty for your trades based on their price, depth, response time and rejection rates.
- By maintaining fill ratios with our LPs of greater than 90% and using ‘no last look’ when supported, we’re able to improve execution and reduce slippage for your trades.
No artificial B-book slippage
You will be presented with all records for your order: which liquidity provider executed it, the latency for every hop and leg of the trade, the slippage, spread, market depth, and more.
We are one of the few brokers globally who can verify that we are ECN | STP | NDD and are transparent about how we execute your orders.
We will give you the edge over the competition and the peace of mind that we are on your side every step of the way.
| Market | Size | Execution Speed (ms) |
|---|---|---|
|
Forex Majors |
0-100k |
19.9 |
|
Forex Minors |
0-100k |
21.8
|
|
Forex Exotics |
0-100k |
19.6
|
|
Metals |
0-1 contract |
27.4 |
|
Energies |
0-1 contract |
120.8 |
|
Indices |
1 contract |
97.8 |
PROFESSIONAL Account Features
* 2,000 EUR commissions per month requirement – commission may be negotiated but minimum comms stays the same – volume requirement increases as commissions goes down. Tiering is also possible.
Tight prices, fast fills, low slippage, trade receipts
Best Execution
Is about achieving the best possible result for our client’s trades. Our aim is to be the #1 retail broker in the world for pricing and execution…
How we make money
This means explaining exactly how we make money, how trades are executed, and with whom, so traders can make an informed decision…
What is ECN?
The ECN model was born to facilitate high volume, off-exchange, anonymous trading, across a range of market asset classes…
Frequently Asked Questions
Slippage is calculated as the difference between the price that was quoted and where the order was filled. You are able to see if there was any slippage on your trades by querying trade receipt from within the client portal.
Slippage is primarily caused by a market movement in between the time it takes for the order to be executed and the order reaching the liquidity provider.
This is a function of the time it takes for the order to reach the liquidity provider and the time that it takes to fill the order.
Market open and roll over are times that slippage may occur as there is generally limited liquidity available in the market.
News events can result in significant market movements and increased volatility that can increase the risk of slippage.
The Volume Weighted Average Price (VWAP) is the average price of an order that is filled at multiple tiers of li+quidity. Larger order sizes can be subject to fills at multiple tiers of liquidity.
Depending on the market conditions and the quotes coming into the system from our LP’s, large orders can be VWAP’d if there is not enough tier one liquidity available to fill the entire trade. Depth of market can be seen on TraderEvolution and offers real time insight into the available liquidity.