We understand that you need excellent order execution - after all, what good does a shiny trade platform do you when you can’t get into your trade when you want and at the price you want?
And this is why IBFX is different from other brokers. We have invested millions of dollars in our back-end order routing technology we call Core. The difference all comes down to speed and how our system manages orders.
We created a short video to illustrate how our proprietary order routing system works:
WATCH HOW OUR CORE TRADING TECHNOLOGY WORKS
First off, our back-end smart order routing system is fast. Forex is a very fast moving market and we as your broker need to be fast, too, in order to execute trades at the price requested by traders. When developing Core, we optimized heavily for speed, which is evident in our performance statistics. Our average execution time is only 8 Milliseconds* on average - which is better than the technology that your average institutional trader trades through!**
Secondly, our system has been developed to handle less-than-ideal scenarios - which is a reality in a fast moving market like forex. In an ideal scenario your trade will get accepted by the first available liquidity partner, but sometimes that doesn’t happen. Our smart order router, instead of rejecting the order out-right like other brokers may, immediately sends your trade onto the next liquidity partner until all possible options are exhausted or until your trade gets filled.
*based on January 2011 data
**Risk.net: Industry in flux as electronic trading and risk control comes to the fore March 1, 2011
*Forex trading is one of the riskiest forms of investment available and may not be suitable for all traders.
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IBFX Australia Pty. Ltd. is part of the Monex Group and is authorised and regulated by the Australian Securities and Investments Commission, firm registration number 363972, ACN 142 210 179.