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Trader decides to make a market sell order on XAUUSD for 500oz at the market price of 1566.15
01:19:42:783
Step 1 MT4 Server Receives Trade
Order is recieved by the MT4 server and immediatley sent to the FIX engine
| Taker Received Time | 1:19:42:783 |
| Taker Symbol | XAUUSD |
| Taker Order Type | MARKET SELL |
| Taker Volume | 5.00 |
| Taker Requested Price | 1566.15 |
| Market Bid | 1566.15 |
| Market Offer | 1566.15 |
Step 2 FIX Engine Receives Trade
Order is received by the FIX gateway and matched with LP’s quotes. Orders are sent to each LP to be executed
| Quote Time | Marker | Price | Volume |
|---|---|---|---|
| 1:19:42:728 AM | SkoutID#:198578-O | 1566.15 | 50 |
| 1:19:42:635 AM | GSID#:198578-O | 1566.15 | 200 |
| 1:19:42:773 AM | XTXID#:198578-O | 1566.14 | 250 |
Step 3 LP Confirms Trade
LP confirms and receives trade. LP sends confirmation back to the FIX gateway
| Execution Time | Volume | Price | Executed Time(ms) |
|---|---|---|---|
| 1:19:42:786 AM | 50 | 1566.15 | 1 |
| 1:19:42:848 AM | 200 | 1566.15 | 63 |
| 1:19:42:785 AM | 250 | 1566.14 | 0 |
Step 4 FIX Engine Confirmation
FIX engine receives confirmation back from LPs. FIX engine sends a single fill back to the MT4 server
| Execution Time | Volume | Price | Executed Time(ms) |
|---|---|---|---|
| 1:19:42:83 AM | 50 | 1566.16 | 50 |
Step 5 MT4 Confirmation
MT4 server sends a confirmation to the client terminal.
| Taker Received Time | 1:19:42:848 |
| Taker Symbol | XAUUSD |
| Taker Order Type | MARKET SELL |
| Taker Volume | 5.00 |
| Taker Requested Price | 1566.15 |
| Taker Executed Price | 1566.14 |
01:19:42:848
Trader has successfully completed his XAUUSD trade with a total duration of:
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