Re-quotes 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.
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.