19 December 2025Drovix Trade Support6 min
Table of Contents
- A tight displayed spread does not always mean better execution. Professional market participants evaluate total cost across spread, commission, slippage, and rejected orders.
- Start with average fill time and fill ratio by session. These two metrics reveal whether the desk's strategy assumptions match live market conditions during London, New York, and rollover periods.
- Then review slippage distribution, not only averages. A book can tolerate small negative slippage but may break when tail events occur around high-impact releases.
- Finally, compare expected versus realized cost by instrument. This helps decide where to scale, where to reduce size, and when to switch execution windows.
A tight displayed spread does not always mean better execution. Professional market participants evaluate total cost across spread, commission, slippage, and rejected orders.
Start with average fill time and fill ratio by session. These two metrics reveal whether the desk's strategy assumptions match live market conditions during London, New York, and rollover periods.
Then review slippage distribution, not only averages. A book can tolerate small negative slippage but may break when tail events occur around high-impact releases.
Finally, compare expected versus realized cost by instrument. This helps decide where to scale, where to reduce size, and when to switch execution windows.
Analyst Desk
Drovix Trade Support
6 min • 19 December 2025