Resolved Question
What is meant by market fills?
My broker said execution is as fast as my internet connection and fills are based on market conditions...what does this mean? Thanks!
about 1 year ago
Best Answer - Chosen by Voters
This means that depending on market conditions, you order will be filled at the best price available. For example, just because you meant to fill in a short EURUSD order at 1.2000 doesn't mean that's the price that you're order will get filled. If price action is choppy and there is a lot of volatility, you might get triggered at 1.2005, or 1.2010. Also, if there is thin liquidity, the spread between the bid and asks price may get wider. Just keep this in mind when you are trading!
about 1 year ago
Answers (1)
Just to add to Cyclopip's great answer...
Remember that this is a market and for every buy order there has to be a matching sell order...
let's say there are 10M units up for sale at your buy order of 1.2000, but your order just happened to be the last 100k units of 10.1M units of buy orders.... You won't get filled because there won't be any more sell orders at that price, at that moment... That's a condition of market liquidity...
You may find that this doesn't happen often with market makers as they are willing to take the other side of client orders, but you may see this with an ECN broker. Because ECNs mainly match up client orders, there will be times when the market hits your order price, but doesn't trigger because of the lack of orders on the other side of your trade....
Hope this helps
about 1 year ago
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