Slippage

Slippage is the difference between the price you asked for and the price you got.

It happens when price moves between your request and the broker's fill, which is most common in the seconds around a data release.

Platforms let you cap it with a deviation setting. Set it too tight and the order is refused instead of filled; set it wide and you accept whatever is there.

Related terms

Market orderExecutionSpread

A definition, not financial advice. Trading carries a risk of loss.

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