Slippage brainstorm If by âslippageâ I mean the amount by which an actual order execution is worse than the corresponding âidealâ one, ... ... what steps can be taken to reduce slippage, or the effects of slippage? Hereâs my list: 1. Reduce latency 2. Reduce order size 3. Trade an instrument with greater depth at the bid/offer (and at times when this is the case) 4. Reduce use of market orders 5. Increase use of limit orders 6. Target larger moves over longer timeframes 7. ... ? Anything else? Any other thoughts/comments? Also, my broker (MBT) offers traders order routing directly to an exchange/ECN, or (for lower commissions) âinternal order routingâ whereby MBT crosses the order internally with other customers taking the other side. Can anyone explain what effect these alternatives would have on âslippageâ? Thanks.