Order Execution
Low-latency routing with no last-look games and a published policy.
How orders are executed
The platform operates on a market execution model. When you submit an order, it is routed to our liquidity venues and filled at the best available price at the moment of execution. There is no dealer intervention between your click and the fill, and we do not requote in normal market conditions.
Slippage
Slippage is the difference between the price you requested and the price at which your order was actually filled. It is a natural feature of any executable market and occurs most frequently around news releases, market opens, and during periods of thin liquidity. Slippage can be positive (in your favour) as well as negative.
Requotes
Under market execution, orders are filled at the best price available and not requoted in normal market conditions. In the event of an extreme dislocation, we reserve the right to take reasonable action consistent with our execution policy.
Order types available
Market Order
An instruction to buy or sell immediately at the best price currently available. Used when speed of execution matters more than the exact fill price.
Limit Order
An order to buy below the current price or sell above it, at a price you specify. Filled only when the market reaches your level.
Stop Order
An order that becomes a market order once the market touches your stop level. Commonly used to enter a breakout or to limit losses on an open position.
Stop-Limit Order
Combines a stop trigger with a limit price. Once the stop is hit, a limit order is placed at the specified level — protecting you from extreme slippage but with no guarantee of fill.
Market volatility and execution
During fast markets — major data releases, central bank announcements, geopolitical events or thin liquidity at session transitions — fills may differ from quoted prices. Spreads can widen, slippage can increase and partial fills are possible. This is a structural feature of the market, not a discretionary decision on our side.
Best execution commitment
Monolith Market is committed to achieving the best possible result for clients consistent with our Order Execution Policy.
Read the Order Execution PolicyHave a question on our trading conditions?
Risk NoticeTrading Forex and CFDs involves significant risk and may not be suitable for all clients. Leverage can amplify losses. Please ensure you understand the risks before trading.