Order execution is the process of accepting and completing a trade (buy or sell) in the online market on behalf of a client.
In the world of online markets, there are two major types of order execution: Instant execution and Market execution.
As the name suggests, instant execution means that an order is executed instantly.
In the event that the order cannot be executed with the initial price specified by the trader, a re-quote order is issued which the trader can choose to accept or decline.
During instant execution, the trader specifies both the volume and price.
Market execution means that the order will be executed at the best available price on the market.
During Market Execution, the trader only specifies the volume.
Though both types of order execution carry their pros and cons, in order to provide our clients with an advantage when it comes to getting into the market at the right time, we favor Market execution.