📖 Financial Lexicon Term
What is Execution Speed?
The time it takes for a broker to fill a trade order, measured in milliseconds. Faster execution reduces slippage risk, especially important for scalpers.
Detailed Explanation
Execution Speed represents the round-trip latency between your trading terminal and the broker's matching engine in data hubs like London (LD4) or New York (NY4). Sub-30ms speeds are crucial for high-frequency day trading.
💡 Practical Trading Example
IC Markets offers an average execution speed of 18ms, preventing order fills from slipping during volatile market openings.