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slippage at IDEALPRO
- Thread starter KS96
- Start date
That blows..... not sure I read what the size was but as long as it was a dealable size then your owed a decent price .. I understand a point here point there but that is a tough obstacle to get around .....BTW a piece today in the WSJ re the spike in liquidity in cash fx ... given that info you would expect that tighter spreads would follow....
More problems today:
USD/HKD stop order at IDEALPRO (above the minimum size), executed at IDEAL at a rip off spread.
Official answer:
The order was executed at IDEAL because the price was better than IDEALPRO.
(Again, there was a huge spike at the time of
execution, which considered valid, and there
was no specific reason given for it... according
to the market-makers, the CR said.)
Here we are talking about an execution of around 40-50 pips away from my stop-price.
USD/HKD stop order at IDEALPRO (above the minimum size), executed at IDEAL at a rip off spread.
Official answer:
The order was executed at IDEAL because the price was better than IDEALPRO.
(Again, there was a huge spike at the time of
execution, which considered valid, and there
was no specific reason given for it... according
to the market-makers, the CR said.)
Here we are talking about an execution of around 40-50 pips away from my stop-price.
Stops use the bid/ask as the default. So if you had a sell stop in USD.CAD at 1.0062 then you would need to see the ask at our below 1.0062 in order for your stop to trigger. Then a market order is sent and you get filled on the bid.
Check the attached time and sales. Ask is 1.0067 and then drops down to 1.0059. Normal market activity.
Check the attached time and sales. Ask is 1.0067 and then drops down to 1.0059. Normal market activity.