Execution Is Part of the Strategy

Map the Process

Describe how an idea or signal becomes an order, including the human decisions, software and data involved. Specify the expected holding period, order behaviour and the conditions under which a trade should be skipped.

Account for Friction

Spreads, slippage, financing and market impact affect realised outcomes. Explain how these are recorded and compared with research assumptions. An estimate should be identified as an estimate rather than presented as a live result.

Prepare for Disruption

Describe monitoring, error handling and how exposures are managed during an outage or unusual market event. FYFX reviews these requirements with each strategy; the website does not imply a specific execution platform or infrastructure commitment.