What is slippage?
Slippage refers to the difference between the price at which a trader expects a trade to execute and the price at which it actually executes.
There are a number of reasons why slippage occurs — for instance, if a trader places a market order when the market is especially volatile, or if a trader places a trade large enough to move the market. With access to more liquidity and smart routing between liquidity providers on all order types, all orders executed through sFOX run less risk of significantly moving the market and reduce slippage.
sFOX’s integrated orderbook reduces slippage
The sFOX orderbook not only aggregates the liquidity from the leading global exchanges, we have also partnered with the leading global OTC venues to include this additional liquidity to our orderbook. sFOX traders have access to much more liquidity than any single other market participant, reducing slippage on even the largest orders that could move the market on other platforms.
Using sFOX algorithms to help prevent slippage
sFOX's Smart Routing algorithm is designed to fill an order fast and at the right price. Smart Routing allows orders to jump across all exchanges and liquidity providers, rather than sit on a single order book, reducing slippage.
In addition, sFOX offers many other advanced algorithms which can be used to give traders an edge in the market.
sFOX helps you avoid slippage (with a warning)
sFOX also features a slippage warning system to help prevent users from unintentionally placing orders which would result in undesirable slippage.
Take advantage of these warnings through your account Confirmation Triggers (sFOX > Account Settings > Preferences).
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