Slippage refers to the difference between the expected price of a trade and the price at which the trade is executed. Slippage can occur at any time but is most prevalent during periods of higher volatility, such as during an impactful economic news event.
Slippage occurs when the bid/ask spread changes between when a market order is requested and when an exchange executes the order. Also refered to as "Market when touched."
As with all exchanges, market orders executed through our broker ThinkMarkets are subject to occasional slippage, which neither the broker nor SurgeTrader controls. Traders should be aware of the possibility of slippage during high-volatility periods as well during the market hour change and trade positions accordingly. Learn More