SLIPPAGE POLICY
Slippage is the difference between a requested price of a trade or pending order and the price at which the order was executed or filled.
A Gap in the markets is a break between prices on a chart that occurs when the price of a product makes a sharp move up or down with no trading occurring in between or when the market closes at a different rate to when it opens again.
JDFX is built on the simple founding principle of creating an FX broker that we would want to trade with ourselves. It is common knowledge that all markets will be subject to slippage from time to time.
THERE ARE TWO COMMON
TYPES OF SLIPPAGE
1. When a market gaps, either over the weekend or after a news event (like payroll figures or Interest rate decisions);
2. When a price is clicked on and has substantially changed in the time it took to get back to the executing bank or broker.
For the benefit of all of our customers, JDFX treats the above two cases of slippage as the exact same as the way in exchange-traded futures market transaction and in stock trading in exchanges.
In both of the above scenarios JDFX would slip its clients to a better price if the interbank market from which JDFX obtains its prices had moved in the client’s favor, and similarly a worse price if the market had moved against them.
The price differences reflect the slippage that JDFX gets from the best-aggregated price obtained from its liquidity providers.
JDFX prides itself on the fair and equitable treatment of all its clients.