Retail traders have traditionally had little to no control over how fast their trades are being executed. It's a case of blindly buying and selling and hoping for the best. When something goes wrong you’re reliant on your broker telling you reason X, Y and Z for why they’re not at fault and why you should just suck it up and try again.
Global Prime is flipping this dynamic on its head by showing trading details never before seen. We show you the latency on every hop and leg of your order so you can see how our systems and liquidity providers are performing. If our systems and counterparties aren’t up to speed then you have every right to hold us to account.
We are of course happy to do this because we’re not internalising your trades, our interests are aligned, and there is mutual accountability for performance.
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Fast trade execution speeds will generally mean that a trader is able to get their requested price, and therefore less likely to have slippage and increased trading costs.
Execution speeds are also indicative of the performance of the trading technology systems, and liquidity providers.
The faster a trade is executed, the better the fill rates, the lower the likelihood of slippage and the trading performance is significantly improved.
Execution speed is of vital importance in your trade being filled at the price that you hit when you executed the trade. Therefore, slow execution can result in fills that are significantly different from the price that you executed on. For price accuracy and quality fill rates, execution speed must be fast in order to ensure that your orders are filled at the correct price in line with what you have been quoted on the platform.
Global Prime takes this to the next level. We show you your latency on every hop and leg of your trade giving you total access to your execution speed data. This enables you to see how our system and liquidity providers are performing providing unique insight into the mechanisms that affect your trading.
Our execution speed is as low as 1ms and our average execution speed on FX and Metals is 25ms.
It can. Think of it like a race, whoever reaches the finish line first, wins the medal. So with trading, faster internet will generally result in being first in line for available quotes in the market, resulting in better fills and faster execution.
A good way to gain insight into how fast your system is connecting to our servers is by checking your ping time. This can be queried from within MT4 and our support team is also able to check this on your behalf.
Yes, you can query your latency via our trade receipts that will show a complete picture of the latency on all of your orders.