UK brokerage FxPro has reported its slippage and re-quote statistics for Q4 2015, ending December 31, which represents the latest installment of the publication and bid for increased transparency since April of this year, according to an FxPro statement.
For Q4 2015, FxPro showed the number of trades executed with negative slippage rising to 24.8%, which constitutes a sizable rise from just 17.0% in Q3 2015. This also marks the highest figure at the broker since it started reporting these figures, even beating its Q2 figure of 20.7%.
In addition, FxPro’s orders executed with positive slippage dove to just 37.5% in Q4 2015, falling from 43.4% back in Q3 2015 – ‘at quote’ execution has also undergone a less pronounced descent to 37.7% in Q4 2015, which retreated from 39.6% in Q3.
During the months of October, November and December 2015, the number of re-quotes has also risen to 5.95%, up from 4.5% in Q3 2015, and the highest figure of the year. More specifically, 2.99% of these re-quotes were positive in Q4 2015, compared to 1.7% in Q3 2015, while were 2.96% were negative in Q4, vs. 2.8% in Q3 2015.
According to FxPro Chief Executive Officer (CEO), Charalambos Psimolophitis, in a recent statement on the statistics: “Looking at our execution statistics for Q4 alongside the respective metrics for the three previous quarters of 2015, we see consistency and continuous slippage symmetry, with the latest percentages reaffirming the reliable and flawless quality of trade execution that FxPro offers.”