CFD Execution, Slippage, and Managing Market-Order Impact
Summary
The document explains that Bitget CFD orders are routed to external liquidity providers and filled at available prices when execution occurs. It distinguishes the displayed or trigger price from the final average fill and defines positive slippage as a better-than-expected execution and negative slippage as a worse one. Volatility, available liquidity, order size, and routing latency are identified as factors that can affect both price and speed.
Examples cover a stop-loss triggered across a price gap, a large market order split across thin liquidity, and a take-profit filled at a better quote. The guidance is to account for slippage risk, especially around volatile events and market openings or closes; consider smaller batches for large orders; and monitor market depth. These are execution principles, not quantified estimates: the document provides no slippage statistics or guarantees, and emphasizes that stops can fill well beyond their trigger during gaps.
Key ideas
- CFD orders are routed to external liquidity providers and execute at prices available at fill time.
- Execution can differ from a displayed or trigger price because of volatility, liquidity, order size, and latency.
- Slippage may be favorable or unfavorable, and is described as a normal market outcome.
- Stop orders may incur substantial negative slippage during gaps or extreme moves.
- Batching large orders and checking market depth may help limit price impact in thin conditions.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.