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July 9, 2020

IronFX, What is re-quote in Forex?

Know the correlation of Re-quotes and Order Execution.

Re-quotes and Execution

requotes and execution

Re-quotes can significantly affect the final price during your trade execution.

The re-quotes statement usually pops up to inform traders that the execution price has changed and allows traders to decide whether they wish to accept the new price.

The re-quotes happens normally when the broker’s platform adopts “Instant Execution”.

The “Instant Execution” model prevents orders from certain degrees of slippage, thus requesting re-quotes to traders.

In case your broker’s platform adopts “Market Execution” then your orders will be executed with no re-quotes, but sometimes orders can experience either positive or negative slippage.

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When re-quote happens?

For example, re-quotes may happen to significant market players, who trade big lots during critical economic events.

A trader expects substantial market moves and may be right, but the outcome of their trade can be affected by high market volatility, and the advertised price can change in a split second.

The new price offered during the execution is usually worse than the one ordered by a trader.

Are you not sure if your trading platform has re-quotes to orders?

Contact support team of your broker.

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