Published To Filled
Echo supports Slippage and Price Improvement investigations using Publish To Fill $/M groups and filters.
Publish To Fill $/M is calculated as:
Bid Order Publish To Fill $ = (PEG to publish Bid - Filled price) / Filled price) * USD Quantity
Offer Order Publish To Fill $ = (Filled price - PEG to publish Offer) / Filled price) * USD Quantity
Publish To Fill $/M = Publish To Fill $ * (1,000,000 / USD Quantity)
A negative result indicates Price Improvement for the client whereas a positive result is labeled as Slippage for the client, this breakdown can be found in the Trade Details popup.
Figures are from a house/broker perspective, so if they are positive it means, the broker has made money.
To apply the Publish to Fill $/M group, use the Publish to Fill $/M option located under Trade Type -> Price Improvement / Slippage in the Yield Profile Grouping menu.