This phrase refers to a particular buying and selling technique or order execution technique employed, doubtless inside the context of economic markets. It implies maximizing the quantity of a commerce that may be stuffed at a desired worth stage by the platforms or companies provided by a specific monetary establishment. As an example, a dealer aiming to execute a big purchase order would possibly make the most of this to accumulate as many shares as potential at or under their goal worth, leveraging the establishment’s capabilities to faucet into obtainable liquidity.
The significance of this method lies in its potential to attenuate slippage the distinction between the anticipated worth of a commerce and the precise worth at which it’s executed. By optimizing fill charges, merchants can scale back transaction prices and enhance total buying and selling efficiency. Traditionally, entry to such order execution capabilities was usually restricted to institutional traders, however developments in expertise have progressively made them extra accessible to a broader vary of market individuals.