VWAP Represents the 'weighted average price of trading volume', applicable to orders executed at market price
If the requested transaction volume cannot be fully provided at the same price, the order will automatically execute the maximum transaction volume at the best available price, and then execute the remaining transaction volume at the next best price, and so on. Then take the average of all these prices, which is the price of the order execution(VWAP)。
Once all stop loss orders are triggered, they are subject to "market execution" constraints, which means FxPro All available liquidity will be automatically summarized at the best price, and the first available liquidity VWAP Execute your stop loss order at.VWAP The price may be equal to, higher than, or lower than the price you requested.
Please refer to the relevant section of our order execution policy: Market price execution orders refer to the intention to buy or sell at the current market price based on available liquidity. If there is not enough liquidity at the top of the account book to fill in customers' market orders, the system will automatically summarize liquidity from third parties/The transaction volume received from the price provider and marked as' transaction volume '-”Weighted average price for executing market orders(“VWAP”)Depending on the available liquidity during execution.
example:
EURUSD Market depth
The above image shows EURUSD A snapshot of market depth.
The right side displays the asking price (the price you purchased)
Left display BID Price (the price you sold)
Each level displays the available quantity for each price level. For example, a pen 2.50 Transactions with hands or lower will receive the highest book price (first line price). For transactions larger than this, the total price will be calculated based on each price level and available quantity.
For example, suppose we want to sell 8 Hand(80 Ten thousand euros). The order will be executed as follows:
250,000 * 1.16520 = 291,300
500,000 * 1.16519 = 582,595
50,000 * 1.16518 = 58,259
Then, you add up all levels = 932,154 And divide by your transaction size (in units)
932,154 / 800,000 = 1.16519(rounded to the nearest decimal point) 5 Bit)