Glossary

Slippage

The difference between the price you expected when placing an order and the price it was actually filled at.

Order book A market buy in a thin order book is filled across three ask levels, from 10.20 up to 10.80. PRICE SHARES WAITING 10.80 FILLED 10.45 FILLED 10.20 FILLED 9.50 BEST BID 9.30 9.00 SPREAD 0.70

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