Interbank FX had an outstanding execution rate of 99.9% during the month of January 2011. Michael Greenberg reports about these figures, and emphasizes that this refers to all deals sent by clients.
While the overall rejection rate is 0.1%, trades of bigger sizes, between 5 to 50 lots, had a rejection rate of 0.3%. The average execution time is 7.16 milliseconds.
Since the new CFTC regulations came into effect in October, some forex brokers are ramping up their transparency practices. Transparency is good PR.