WE PROVIDE CUSTOMERS WITH A TWO-WAY PRICE FOR TRADE

Trader decides to make a market sell order on XAUUSD for 500oz at the market price of 1566.15

TRADE START

Step 1

Order is received by the MT4 server and immediately sent to the FIX engine

Time Executed
01:19:42:783 (+0ms)

Quote Time	Marker	Price	Volume
1:19:42:728 AM	Skout ID#:198578-O	1566.15	50
1:19:42:635 AM	GS ID#:198578-O	1566.15	200
1:19:42:773 AM	XTX ID#:198578-O	1566.14	250

Step 2

Order is received by the FIX gateway and matched with LP’s quotes. Orders are sent to each LP to be executed.

Time Executed
01:19:42:784 (+1ms)

Step 3

LP confirms and receives trade. LP sends a confirmation back to the FIX gateway.

Time Executed
01:19:42:785 (+2ms)

Execution Time	Volume	Price	Execution Time
1:19:42:786 AM	50	1566.15	150
1:19:42:848 AM	200	1566.15	63
1:19:42:785 AM	250	1566.14	0

Execution Time	Volume	Price	Executed Time(ms)
1:19:42:83 AM	50	1566.15	50

Step 4

FIX engine receives confirmation back from LPs. FIX engine sends a single fill back to the MT4 server.

Time Executed
01:19:42:848 (+65ms)

Step 5

WebTrader server sends a confirmation to the client terminal.

Time Executed
01:19:42:848 (+65ms)

Trader has successfully completed his XAU/USD trade with a total duration of:

65 milliseconds