Filled Definition – What is Filled? | CFI

filled

 In trading terminology, the term ‘filled’ refers to when an order placed by a trader has been returned as completed. For example, if a trader submits an order to a broker to buy 100 lots of gold at 1728.50, this order would only be completed and therefore classified as filled when the broker has obtained the total 100 lots that the trader requested.

 

Typically, depending on the order type the transaction will take anything from less than a second to up to a full market session to be executed. The most common order types that can be used to carry out a transaction are:

 

  • Buy stop orders
  • Market orders
  • stop-loss orders
  • limit orders

 

It is important to understand that if an order or instruction is performed, it does not guarantee that the order will be filled as there are a specific set of criteria that must be met for an order to be filled. These are expiration, volume, trading, and targeted price.

 

Expiration

 

The financial instrument has to, first of all, be open to trading.

 

Volume

 

There has to be sufficient volume available in the market for the amount of the trade.

 

Trading

 

The instruments need to be trading currently.

 

Targeted price

 

If the trader or broker is intending to utilize a limit order, the targeted price aimed for has to be reached to execute. This can be from both a buying and selling perspective.

 

If any of these criteria are not met, then the trade will not be filled. It is also important to note that slow execution times can lead to prices fluctuating between trade execution and fulfillment, resulting in the trade being filled at a different price than that requested. This difference is referred to as [order spillage].

 

Key takeaways:

 

  • A filled order status implies that the order was completed, whether this is from a buying or selling perspective
  • Filled orders can take anything from less than a second to the end of a market day to be completed
  • The type of order to be used for a transaction will depend on the desired outcome by the trader
  • Orders must meet a specific set of criteria to be filled
Credit Financier Invest (Mauritius) Ltd is an award winning global financial markets provider with over 23 years of experience and regulated entities in several jurisdictions, focused on offering impeccable execution and trading conditions including very low spreads, professional services, dedicated support and powerful tools.
Credit Financier Invest (Mauritius) Ltd has regulated subsidiaries in
London • Larnaca • Beirut • Amman • Dubai • Port Louis
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Important Disclaimer:


We would like to remind that while we endeavour to provide best possible services, CFI provides execution only services and any information, reports, opinions, commentary or other materials he receives from CFI directly or from its employees or through any analytical tools provided to him or third party research provided to him from the Company shall not be deemed as investment advice and it cannot be relied upon to make investment decisions. The Client commits to make his own research and from external sources as well to make any investment. The Client accepts that CFI will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The contents of any report provided should not be construed as an express or implied promise, as a guarantee or implication that clients will profit from the strategies herein, or as a guarantee that losses in connection therewith can, or will be limited.


Forex and CFDs are leveraged products that incur a high level of risk and a small adverse market movement may expose the client to lose the entire invested capital. The vast majority of retail client accounts lose money when trading in CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The possibility exists that you could sustain a loss in excess of your deposited funds even if a stop loss is used and therefore, you should not speculate with capital that you cannot afford to lose and be aware of trading risks. Credit Financier Invest (Mauritius) Ltd provides general information that does not take into account your objectives, financial situation or needs. The content of this website must not be interpreted as personal advice. Please ensure that you understand the risks involved and seek independent advice if necessary.

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