FX and CFD broker, FXCM Group published its monthly execution data report today, including order execution at price, execution with positive slippage, execution with negative slippage, and average execution speed.
The broker reported improvement in order execution at price as 60.4% of orders were executed at price compared to 56.8% in September. The company also marked a drop in orders executed with negative slippage from 15.1% in September to 14.2% in October.
FXCM reported a dip in orders executed with positive slippage as the number dropped from 28.1% in September to 25.3% in October. Additionally, average execution speed increased from 24 milliseconds in September to 28 milliseconds in October.
Although New York-based FX and CFD trading provider reported mixed results in October regarding execution data, the company showed a marked improvement in order execution at the price while provided negative results related to the average execution time.
Moreover, the broker released data related to spreads of different financial instruments, including cryptocurrencies, commodities, and FX pairs. FXCM reported mixed results in terms of spreads in the month of October. Though, the company reported an average active trader peak spread of 30.1 on BTC/USD in October compared to 29.2 in September this year. While the spread of Ethereum and Litecoin remained unchanged, the broker showed improvement in NAS100 as the spread dropped from 1.2 in September to 1.1 in October. For FX pairs, the spread remained the same for EUR/USD, GBP/USD, and AUD/USD at 0.1, 0.3, and 0.2, respectively.
Founded in 1999, FXCM has always been one of the leading brokers in online retail trading. In recent years, the broker has taken many steps to increase transparency regarding trading and execution. Furthermore, FXCM Pro provides retail brokers, small hedge funds and emerging market banks access to wholesale execution and liquidity while providing high and medium frequency funds access to prime brokerage services via FXCM Prime. FXCM is a Leucadia Company.
FortuneZ earlier reported about the launch of a free SMS service for trading alerts by FXCM.