Fill Rate
Fill rate is the percentage of an order that gets executed at the requested price. A 100% fill rate means the entire order was filled as requested. Partial fills occur when there isn't enough liquidity at your price, common with large orders or illiquid markets.
Understanding the Concept
• Market orders typically have 100% fill rate but uncertain price • Limit orders may have lower fill rate but guaranteed price • Large orders often get partial fills across multiple price levels • Important for algorithmic trading and strategy performance
Real-World Example
You place a limit order to buy 10,000 shares at $50.00. The order book only has 3,000 shares available at that price. You get a 30% fill rate, buying 3,000 shares at $50.00. The remaining 7,000 shares stay unfilled unless more sellers appear at your price or you adjust the order.
How Strykr Helps
Strykr's AI assistant helps you understand and apply Fill Rate concepts to your trading. Get personalized guidance and real-time market analysis to make better decisions.
Try Strykr Free