The table below shows the following execution statistics for Saxo Bank's’ most traded FX Spot instruments.
- Average slippage
- Average price improvement
- Average rejection rate
The statistics are based on simulated trade attempts using a Limit IOC order based on Saxo Bank's actual market prices, trade frequency and volume for the period May 2016 to October 2016.
How to read the table:
The majority of trade attempts using a Limit IOC order were filled with positive or zero slippage. For example, 81.4% of trade attempts in EURUSD were filled with positive or zero slippage, resulting in an average price improvement of 0.0031%. For all trade attempts in EURUSD, on average only 0.8% were rejected when applying default Price Tolerance of 0.01%.
*Average price improvement for trade attempts filled with positive slippage, regardless of the Price Tolerance.
** Average Rejection Rate for trade attempts with default Price Tolerance of 0.01%.