Glossary
Slippage
Slippage is the difference between the price you expected for an order and the price it actually filled at — common in fast-moving markets.
Slippage is when your order fills at a different price than you requested. It happens because prices move in the moment between you clicking and the broker filling — especially around news or in thin liquidity. Slippage can be negative (worse price) or occasionally positive (better).
It’s not the same as a requote, where the broker asks you to accept a new price. Persistent bad slippage on ordinary trades can point to weak execution.
To reduce it, avoid trading the first seconds around high-impact news, and consider a broker with deeper liquidity — see our off quotes fix.
Related terms
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