Execution Policy

Trade Execution Policy

How your trades are executed, filled, and managed in real-time markets

<50ms
Average Execution Speed
99.7%
Order Fill Rate
0.08%
Average Slippage
15+
Supported Exchanges

Executive Summary

Our execution policy defines how trades are routed, filled, and managed across cryptocurrency exchanges. This document outlines our commitment to achieving best execution for all client orders.

Primary Objective

To execute client orders promptly, efficiently, and at the most favorable terms reasonably available under prevailing market conditions.

Core Principles

  • Best execution across all connected exchanges
  • Minimization of slippage and market impact
  • Transparent execution reporting
  • Fair order allocation among strategies

Key Performance Metrics

Execution Speed <50ms average
Fill Rate 99.7%
Price Improvement 0.12% average
Slippage Control 0.08% average

Continuous Monitoring

All execution metrics are monitored 24/7 with real-time alerts for any deviations from policy standards.

Trade Execution Flow

1

Signal Generation

AI Decision

AI algorithms analyze market data and generate trading signals based on predefined strategies.

Real-time market analysis across 15+ exchanges
Risk assessment and position sizing calculation
Signal validation against execution rules

Key Checks

Signal Confidence â‰Ĩ 85% required
Risk Assessment Pass required
Account Limits Within bounds
2

Exchange Selection & Routing

Smart Routing

Our smart router selects the optimal exchange(s) for execution based on multiple factors.

Routing Factors

Price

Best available price

Liquidity

Sufficient volume

Fees

Lowest total cost

Speed

Fastest execution

Exchange Priority Matrix

Price Priority Weight: 40%
Liquidity Priority Weight: 30%
Fee Priority Weight: 20%
Speed Priority Weight: 10%
3

Order Execution

Real-time Execution

Orders are executed using advanced algorithms to minimize market impact and slippage.

Intelligent Order Types

Dynamic use of market, limit, and iceberg orders based on market conditions

Volume-Weighted Execution

Large orders are split to minimize market impact

Real-time Adaptation

Order parameters adjust to changing market conditions

Execution Speed Metrics

Order Submission <5ms
Exchange Processing 10-50ms
Total Round Trip <50ms average
4

Fill Confirmation & Reporting

Verification

Each fill is verified, recorded, and reported back to the trading strategy and user dashboard.

Verification Checks

  • Fill price vs. expected price validation
  • Exchange confirmation matching
  • Slippage calculation and recording
  • Fee calculation and allocation

Reporting & Analytics

Real-time Reporting 100ms delay
Execution Analytics Comprehensive
Audit Trail Full retention

All execution data is stored for 7 years for regulatory compliance.

Order Types & Execution Methods

Market Orders

Immediate execution

When Used

For urgent fills where speed is critical and slight price variance is acceptable.

Execution Strategy

Immediate fill across best available liquidity pools with slippage protection.

Speed Priority Highest

Limit Orders

Price-controlled execution

When Used

For price-sensitive strategies where execution price is more important than fill certainty.

Execution Strategy

Posted to order books with dynamic price adjustments based on market momentum.

Price Priority Highest

Iceberg Orders

Large order concealment

When Used

For large positions where minimizing market impact is critical.

Execution Strategy

Large order split into smaller chunks with time and volume-based triggers.

Stealth Priority Maximum

Advanced Order Types

TWAP (Time-Weighted Average Price)

Executes orders evenly over a specified time period to minimize market impact.

Time-based slicing Volume prediction Market adaptation

VWAP (Volume-Weighted Average Price)

Executes orders in proportion to market volume, tracking the benchmark VWAP.

Volume tracking Benchmark matching Real-time adjustment

Risk Management & Controls

Pre-Trade Controls

Position Limits

Maximum position sizes per strategy, asset, and overall portfolio to prevent over-concentration.

Velocity Checks

Rate limiting on order frequency and size to prevent disruptive trading patterns.

Price Validation

Orders checked against configured price bands and deviation thresholds from market prices.

Real-Time Monitoring

System Health

Continuous monitoring of latency, fill rates, and system performance with automatic failover.

Exchange Connectivity

Real-time monitoring of all exchange connections with automatic routing to healthy endpoints.

Anomaly Detection

AI-powered detection of unusual patterns, volume spikes, or potential manipulation.

Emergency Protocols

Kill Switch

Immediate cessation of all trading activity across all strategies and exchanges.

Pause Mode

Temporary suspension of new orders while allowing existing orders to complete.

Failover Routing

Automatic rerouting to backup exchanges if primary exchanges experience issues.

Document Version: 3.2.1 | Last Updated: November 2023

This execution policy is reviewed quarterly and updated to reflect changes in market structure, regulatory requirements, and technological advancements. Clients are notified of material changes 30 days prior to implementation.

execution-policy | OonDex AI
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