Developers of Synquote, a new trading platform, claim that it handled a single trade of over $1 million in notional volume during its beta period with no detectable slippage. Here are the most important points to know about this claim:
1. Synquote is a new trading platform that aims to provide a more efficient and transparent way for traders to execute trades.
2. During its beta period, developers claim that Synquote was able to handle a large trade of over $1 million in notional volume without any slippage, which is when the price of an asset moves against the trader between the time the order is placed and the time it is executed.
3. This claim suggests that Synquote may be able to provide traders with a more reliable and efficient way to execute large trades without experiencing significant price movements.
In summary, developers of Synquote claim that their platform was able to handle a large trade without any slippage during its beta period, which could make it an attractive option for traders looking for a more reliable and efficient way to execute trades. However, it remains to be seen whether this claim will hold up under real-world trading conditions.
