Instant and Market Execution Types

[kreslik.news]

This article was written by Aleksey Kutsenko, founder and CEO of Tools for BrokersInc. and member of the Dispute Resolution Committee of FinCom.

Instant execution

Instant execution is a type of execution when a client is placing an order and specifies both volume and price; the order should be processed instantly.

If the price changes at that moment, a broker cannot change the execution price. But he can reject the execution and reply with a requote, which can be accepted or not. This execution type is usually used by market maker brokers.

Instant execution is often complemented by fixed ... (read more)