London Gold and Commodities Exchange Offers More Benefits to FOREX Traders via Price Improvements
London Gold and Commodities Exchange, has recently improved its FOREX Desk Execution Model by adding a much improved price list.
- (1888PressRelease) August 13, 2012 - If the price improvement becomes readily available before traders limit order execute, LGCEX FOREX Desk Execution system will automatically consider executed trades for the new price improvement; this means that traders would benefit from possible low commission rates that the firm offers.
Prior to the new price improvements on limit orders, most traders experience usual trading inconvenience that most of their limit entry orders always fill at the limit price even if the market price disparity approvingly through it. Concurrently, executed stop orders might as well fall at a worst price.
The new price improvements, traders' limit and limit entry orders can favorably receive optimistic slippage. This indicates that a trader can potentially and positively make more profits if the market points advantageously through the trader's price limits. The same situation is constructively true when the market is rapidly moving particularly during weekend gaps or around news events relating to market conditions.
"Most Exchange traded instruments already benefit from positive slippage." said Mr. Sean Stuart, the Managing Director of London Gold and Commodities Exchange. "However, with the advent of the new price improvements LGCEX is offering the foreign exchange industry more benefits in line with those common and widespread FOREX trading practices. This makes trading even more fair and advantageous to existing clients."
To experience the new offerings on price improvements London Gold and Commodities Exchange suggests utilizing limit orders and limit entry orders to close trades. Traders can also avail the price improvements and see the difference by comparing the limit price that is requested against with the limit price where you were filled.
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