FxPro 도움말 센터: 트레이딩 & 체결

What is VWAP?

VWAP stands for ‘Volume Weighted Average Price’ and applies to market execution orders

If the requested volume is not available all at the same price, the order will automatically execute the maximum volume at the best available price, and then the remaining volume at the next best price and so forth. An average of all these prices is then taken, which is the price the order will execute at (the VWAP).

All stop orders, once triggered, are subject to ‘Market Execution’ which means that FxPro will automatically aggregate all available liquidity at the best possible prices and fill your stop orders at first available VWAP. The VWAP price may be on, above, or below your requested price.

Please see the relevant section of our Order Execution policy: Market Execution Order Market order is the intention to either buy or sell at the current market price, subject to the liquidity available. In the event, there is not enough liquidity at the top of the book to fill a Client’s market order, the system will automatically aggregate the volume received from third party liquidity/ price provider(s) and execute the market order at the ‘Volume-Weighted Average Price’ (‘VWAP’), subject to the liquidity available at the time of the execution.


Depth of Market for EURUSD

The image above shows a snapshot of the Depth of Market for EURUSD.

The right hand side shows ASK prices (price at which you buy)

The left hand side shows BID prices (price at which you sell)

Each tier displays the volume available at each price tier. For example, a trade of 2.50 lots or lower, would receive the top of the book price (the first row of prices). And for trade size above this, the overall price would be calculated according to the price tiers and volumes available at each.

For example, lets say we want to Sell 8 lots (800k units of EUR). 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

You then add up all the tiers = 932,154 and divide by your trade size in units

932,154 / 800,000 = 1.16519 (rounded to 5 decimal places)

이 기사가 도움이 되셨나요?
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  2. 화폐의 쌍은 어떻게 읽습니까?
  3. spread (차이 수준) 제공 거래소는 무엇입니까?
  4. 내 기대 명령이 수행하지 않는 이유는 무엇입니까?
  5. 거래에 커미션을 요구합니까?
  6. 거래하려면 거래소는 어떤 도구를 제공합니까?
  7. 거래소는 전자 화폐를 제공합니까?
  8. Market 명령 및Instant명령의 차이점은 무엇입니까?
  9. 거래소는 손실 정지를 보장합니까?
  10. 거래소의 견적은 소수점 얼마 사용합니까?
  11. FxPro의 구현 모형은 무엇입니까?
  12. 회사의 플랫폼에서 가격을 하락합니까?
  13. 거래소는micro lot (0,01)을 제공합니까?
  14. 거래소는 어떤 지레를 사용합니까?
  15. Fixed Spread (고정 차이)은 무엇입니까?
  16. Floating Spread (자유 거래)은 무엇입니까?
  17. 나는requote (재물음)을 경험해야 합니까?
  18. Stop out level (선택 권한 닫기 수준)은 무엇입니까?
  19. stop order (정지 명령) 및 limit order (기대 명령)간의 차이점은 무엇입니까?
  20. 내 EA/cBot은 플랫폼을 닫은 후에도 계속하게 작동합니까?
  21. Swap비용 (교환 비용)은 어떻게 계산됩니까?
  22. What is leverage?
  23. What is VWAP?
  24. What is a market order?
  25. What is a Stop Loss order?
  26. What is a Take Profit order?
  27. What is a Stop Out?
  28. How can I show the ASK price on the platform?
  29. What is slippage?
  30. What is Spread?
  31. What do I do if I have a question or enquiry regarding one of my trades?
  32. Why has my pending order been executed or Stop loss/take profit triggered when the price has not reached the specified price?
  33. What is liquidity?
  34. What is Swap (rollover)?