Foreign exchange and CFDs broker FxPro has continued reporting slippage and re-quoting statistics, at the end of the first quarter. According to the data published by the company the figures have changed materially.
For the months of April, May and June, 44.9 percent of FxPro’s customers got their orders executed with positive slippage, a number which is much .
The number of trades executed “at quote” remained more or less consistent at 34.4 percent, which is a touch lower than the 36 percent reported in Q1. A total of 20.7 percent of the customers’ orders got executed with a negative slippage, which is lower than the 28 percent reported in April.
Moving on to re-quotes the broker reported that the amount of re-quoted orders increased a full percentage point to 5.3 percent. From those 2.4 percent were impacted positively, while 2.9 percent were negatively affected.
FxPro is currently operating with a Hybrid Agency Model – the firm is executing orders in a no dealing desk intervention environment, with access to tier one liquidity from major banks, however the firm’s algorithmic matching engine is also allowing for internal netting of long and short positions of the broker’s clients.
In this way the FCA and CySEC regulated broker eliminates any conflicts of interest between the company and its clients.
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