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| Decimalised order fills |
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[ianj1]
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| Post subject: Decimalised order fills |
Post rating: 0
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Posted: Tue 30 Jun, 2009, 13:21
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User rating: 0
Joined: Tue 30 Jun, 2009, 13:18
Posts: 3
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I thought the platform only supported 0.5 pip multiples but i occasionally get a decimalised fill on a BID and/or OFFER (e.g. 1.4139 EUR/USD) (jforex demo platform)
What are the rules for proces/hitting proces, placing bid/offers etc with respect to half pip and fractional pricing?
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API Support
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| Post subject: Re: Decimalised order fills |
Post rating: 0
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Posted: Thu 02 Jul, 2009, 13:34
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User rating: ∞
Joined: Fri 31 Aug, 2007, 09:17
Posts: 6139
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Dear Sir,
The quotes of a great deal of different counterparties are pooled to create the decentralized marketplace.
Each of these counterparties has its own set of procedures. Among others, the fractional pricing is applied
by some liquidity providers.
We allow executions with fractional prices when the counterparty allows for it, but quoting fractional orders
into the marketplace would decrease the likelihood of execution, on average, because not all counterparties
allow for fractional execution.
The tendency noticed on the market however, is a generalization of the fractional pricing and it might be
possible that giving orders this way be possible in the near future.
Should you have any other questions, or need any clarification further, please feel free to reply.
Best.
David
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