NDD Glossary
MetricIntermediate

Time to Fill

syn. Execution Speed

The total elapsed time from order submission to complete execution, encompassing network latency, broker processing, LP response, and any routing delays.

Last updated: February 10, 2026
1

The clock starts when the client's order leaves their trading platform.

2

Network transmission time is measured (client to broker server).

3

Broker processing time is measured (order validation, routing decision).

4

LP communication time is measured (order to LP, LP response).

5

The clock stops when the execution confirmation is generated.