[EFX_justin]

Originally Posted by scorpion

Justin, good to have you here answering our questions. I was wondering how EFX handles orders during news release. That's during very high volatility.

Will stop/limit order allowed to execute at specified price?
Is there any slip-page applied?
How fast is market order filled during the news?
Are spreads fixed or adjusted to volatility?

Thank you in advance,
Scorp

Hi Scorp ~

Thank you for the support. I certainly enjoy reaching out to the trader on the boards, so it's always nice to feel welcomed.

It's important to remember that EFX under no circumstances handles order differently based on account sizes, trading style or market conditions. Each an every order is handled the exact same, routed through our ECN 3DForex to find the best transparent pricing and execution either from one of our liquidity providers or client orders on the book.

During volatile times of course it is possible to see slippage, especially if you’re placing market orders, something I certainly do not suggest and I think any experienced trader knows that. When using limits / stops it will be different for each news announcement, but for the most part our clients seem to be very pleased with their fills during news.

Regarding the spreads, I can tell you the spread stays between 1-4 pips during announcements consistently.

I hope this helps.