Sergey Shamraev: “This will allow the client to be confident in the instant execution of their transactions at the best prices.”
TeleTrade made a strategic decision to transfer the execution of trade orders to the market one, which was recently announced by brand representatives to their customers. According to the broker, this decision is fully consistent with the industry-wide trend of recent times.
Thus, starting from October 7, 2019, the type of execution of trade orders on the Standard account will be changed from the current Instant Execution (accurate execution) to Market Execution (market execution).
“Market Execution is a significant increase in the speed of processing and execution of trade orders, the absence of the influence of the market situation on the conclusion of transactions, the guarantee of the execution of orders at the best prices at the time of conclusion of the transaction. TeleTrade changes the type of execution of trading orders of the Standard account to Market Execution, supporting the current industry standard and responding to the requests of most traders using TeleTrade services. Market execution is accepted by many brokerage companies as more consistent with modern risk management technologies. Our company invariably maintains the level of service at the highest level, "says a recent release of the Forex Broker.
Sergey Shamraev, Managing Director of TeleTrade DJ International Consulting (TeleTrade EU), commented: “The type of execution of client orders is changed in order to improve the service of the TeleTrade brand. We are moving to modern technologies for processing and aggregating orders using liquidity bridges. Outdated quoting technologies are gradually moving out of business practice.”
“The transition to market execution of orders allows the client to be confident in the instant execution of their transactions at the best prices (without “requotes”) and fully use the advantages of trading advisers, that is, robots. On the other hand, this allows companies to hedge market positions more efficiently” he added.
Disclaimer: Analysis and opinions provided herein are intended solely for informational and educational purposes and don't represent a recommendation or investment advice by TeleTrade. Indiscriminate reliance on illustrative or informational materials may lead to losses.
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