What is Slippage?
The difference between the price at which your order is executed and the price offered at the time your order is submitted is known as slippage. Slippage can be caused by a range of conditions, including but not limited to, fast market movements, thin or illiquid markets, market news, world events, catastrophic events, the economic environment or other market conditions. Depending on the direction the market has moved, slippage may occur, in such instances. Slippage may be favourable or unfavourable to you and may be near to or several pips away from the price displayed on the system at the time your order was submitted through the system or quoted to you by the dealer. You might accept or reject slippage on the OREX Platform. If you accept slippage, ADSS Hong Kong does not retain any favourable or unfavourable slippage; all slippages are passed on to you. You cannot limit or reject slippage on the TREX Platform. Both favourable slippage and unfavourable slippage are all passed on to you.
ADSS Hong Kong executed an order with the external liquidity provider at the price that was better than the price when you placed the trade order. Favourable slippage is the difference between the better price and the original required price.
ADSS Hong Kong executed an order with the liquidity provider at the price that was worse than the price when you placed the trade order. Unfavourable slippage is the difference between the worse price and the original required price.
Available on OREX Desktop Version only, not available on OREX Mobile Platform