ConceptIntermediate
Price Improvement
When a trade executes at a better price than the prevailing quote at the time of order submission, representing a measurable benefit to the client.
Last updated: February 10, 2026
1
A trader submits a buy order at 1.1050 (the current ask price).
2
Between order submission and execution, the ask price drops to 1.1048.
3
The broker executes the order at 1.1048, passing the 2-pip improvement to the client.
4
The client pays less than expected — this is price improvement.
5
Price improvement is the positive-slippage scenario made intentional through broker policy.