RiskIntermediate
Partial Fill
When only a portion of a trade order is executed due to insufficient liquidity at the requested price level.
Last updated: February 1, 2026
1
A trader submits an order for 10 lots at a specific price.
2
The LP or liquidity pool has only 6 lots available at that price.
3
The broker fills 6 lots immediately and leaves 4 lots unfilled (or places them in queue).
4
The trader receives a partial fill report showing 6/10 lots executed.
5
The remaining 4 lots may be filled at the next available price, held, or canceled depending on broker policy.