Instant Execution is a way of executing a trading order, which means that the trader wants to execute the transaction immediately at a specified price or at a better price. If the market price changes beyond the allowed price deviation range, the order will not be executed, but will return a ‘re-quote’ and allow the trader to decide whether to accept the new price.
Key features of Instant Execution include:
Price certainty：in the instant execution mode, the trader specifies a definite price when submitting an order. If the market price is consistent with the price at the time the trader places the order, the order will be executed immediately. Otherwise, the system will give a ‘re-quote’ and let the trader decide whether to accept the new price.
Re-quotation：if the market price has changed in the short period of time between a trader placing an order and the order being executed, the trader may receive a ‘re-quote’ notification from the broker. The re-quote allows the trader to choose to accept or reject the new price.
Controlled slippage：instant execution allows traders to execute trades within a controllable price range, avoiding slippage in market execution. Therefore, traders can avoid trading at unfavorable prices when the market is volatile.
Applicable markets：instant execution is usually used in relatively stable, less volatile markets, or for traders who require higher price accuracy. This model is mainly used in the foreign exchange market, especially some more traditional broker platforms.
Unlike Market Execution, Instant Execution emphasizes that the transaction is completed at or near the specified price, and when the price changes beyond expectations, it will give traders a chance to reject it. This execution method is suitable for traders who want to avoid sudden price fluctuations and slippage.
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