{"id":45836,"date":"2025-01-09T12:38:37","date_gmt":"2025-01-09T04:38:37","guid":{"rendered":"http:\/\/114.34.37.161:8080\/?p=45836"},"modified":"2025-12-03T03:47:33","modified_gmt":"2025-12-02T19:47:33","slug":"forex-order-execution-quality","status":"publish","type":"post","link":"https:\/\/mister.forex\/vi\/forex-order-execution-quality\/","title":{"rendered":"Ch\u1ea5t l\u01b0\u1ee3ng th\u1ef1c hi\u1ec7n \u0111\u01a1n h\u00e0ng c\u1ee7a nh\u00e0 m\u00f4i gi\u1edbi ngo\u1ea1i h\u1ed1i l\u00e0 g\u00ec? L\u00e0m th\u1ebf n\u00e0o \u0111\u1ec3 \u0111\u00e1nh gi\u00e1?"},"content":{"rendered":"
\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\t
\n

Ch\u1ea5t l\u01b0\u1ee3ng th\u1ef1c hi\u1ec7n \u0111\u01a1n h\u00e0ng c\u1ee7a nh\u00e0 m\u00f4i gi\u1edbi ngo\u1ea1i h\u1ed1i l\u00e0 g\u00ec?<\/strong> <\/h2>\n\"Ch\u1ea5t l\u01b0\u1ee3ng th\u1ef1c hi\u1ec7n \u0111\u01a1n h\u00e0ng\" l\u00e0 m\u1ed9t ch\u1ec9 s\u1ed1 quan tr\u1ecdng \u0111\u1ec3 \u0111o l\u01b0\u1eddng m\u1ee9c \u0111\u1ed9 d\u1ecbch v\u1ee5 c\u1ee7a nh\u00e0 m\u00f4i gi\u1edbi ngo\u1ea1i h\u1ed1i, \u1ea3nh h\u01b0\u1edfng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn kh\u1ea3 n\u0103ng sinh l\u1eddi v\u00e0 tr\u1ea3i nghi\u1ec7m giao d\u1ecbch c\u1ee7a nh\u00e0 giao d\u1ecbch. Ch\u1ea5t l\u01b0\u1ee3ng th\u1ef1c hi\u1ec7n \u0111\u01a1n h\u00e0ng \u0111\u1ec1 c\u1eadp \u0111\u1ebfn hi\u1ec7u qu\u1ea3, \u0111\u1ed9 ch\u00ednh x\u00e1c v\u00e0 t\u00ednh \u1ed5n \u0111\u1ecbnh c\u1ee7a gi\u00e1 c\u1ea3 khi nh\u00e0 m\u00f4i gi\u1edbi th\u1ef1c hi\u1ec7n \u0111\u01a1n h\u00e0ng tr\u00ean th\u1ecb tr\u01b0\u1eddng sau khi nh\u1eadn l\u1ec7nh giao d\u1ecbch t\u1eeb kh\u00e1ch h\u00e0ng. \u0110i\u1ec1u n\u00e0y bao g\u1ed3m t\u1ed1c \u0111\u1ed9 th\u1ef1c hi\u1ec7n \u0111\u01a1n h\u00e0ng, t\u1ea7n su\u1ea5t x\u1ea3y ra tr\u01b0\u1ee3t gi\u00e1, c\u01a1 h\u1ed9i c\u1ea3i thi\u1ec7n gi\u00e1 v\u00e0 t\u00ecnh tr\u1ea1ng b\u00e1o gi\u00e1 l\u1ea1i. Ch\u1ea5t l\u01b0\u1ee3ng th\u1ef1c hi\u1ec7n \u0111\u01a1n h\u00e0ng cao c\u00f3 th\u1ec3 \u0111\u1ea3m b\u1ea3o r\u1eb1ng nh\u00e0 giao d\u1ecbch c\u00f3 th\u1ec3 th\u1ef1c hi\u1ec7n \u0111\u01a1n h\u00e0ng \u1edf m\u1ee9c gi\u00e1 g\u1ea7n nh\u1ea5t v\u1edbi k\u1ef3 v\u1ecdng, t\u1eeb \u0111\u00f3 gi\u1ea3m thi\u1ec3u r\u1ee7i ro v\u00e0 t\u0103ng ti\u1ec1m n\u0103ng sinh l\u1eddi c\u1ee7a giao d\u1ecbch.

\n\nB\u00e0i vi\u1ebft n\u00e0y s\u1ebd kh\u00e1m ph\u00e1 kh\u00e1i ni\u1ec7m ch\u1ea5t l\u01b0\u1ee3ng th\u1ef1c hi\u1ec7n \u0111\u01a1n h\u00e0ng, c\u00e1ch \u0111\u00e1nh gi\u00e1 ch\u1ea5t l\u01b0\u1ee3ng th\u1ef1c hi\u1ec7n c\u1ee7a nh\u00e0 m\u00f4i gi\u1edbi v\u00e0 c\u00e1c y\u1ebfu t\u1ed1 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn ch\u1ea5t l\u01b0\u1ee3ng th\u1ef1c hi\u1ec7n \u0111\u01a1n h\u00e0ng.

\n\n

1. C\u00e1c y\u1ebfu t\u1ed1 ch\u00ednh c\u1ee7a ch\u1ea5t l\u01b0\u1ee3ng th\u1ef1c hi\u1ec7n \u0111\u01a1n h\u00e0ng<\/strong> <\/h3>\n\nCh\u1ea5t l\u01b0\u1ee3ng th\u1ef1c hi\u1ec7n \u0111\u01a1n h\u00e0ng c\u1ee7a nh\u00e0 m\u00f4i gi\u1edbi ngo\u1ea1i h\u1ed1i c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c \u0111\u00e1nh gi\u00e1 th\u00f4ng qua nhi\u1ec1u ch\u1ec9 s\u1ed1, nh\u1eefng ch\u1ec9 s\u1ed1 n\u00e0y quy\u1ebft \u0111\u1ecbnh xem nh\u00e0 giao d\u1ecbch c\u00f3 th\u1ec3 nh\u1eadn \u0111\u01b0\u1ee3c \u0111i\u1ec1u ki\u1ec7n giao d\u1ecbch t\u1ed1t nh\u1ea5t tr\u00ean th\u1ecb tr\u01b0\u1eddng hay kh\u00f4ng. D\u01b0\u1edbi \u0111\u00e2y l\u00e0 m\u1ed9t s\u1ed1 y\u1ebfu t\u1ed1 ch\u00ednh c\u1ee7a ch\u1ea5t l\u01b0\u1ee3ng th\u1ef1c hi\u1ec7n \u0111\u01a1n h\u00e0ng: 

\n\n

A. T\u1ed1c \u0111\u1ed9 th\u1ef1c hi\u1ec7n \u0111\u01a1n h\u00e0ng<\/strong> <\/h4>\n\n\"T\u1ed1c \u0111\u1ed9 th\u1ef1c hi\u1ec7n \u0111\u01a1n h\u00e0ng\" l\u00e0 m\u1ed9t trong nh\u1eefng ch\u1ec9 s\u1ed1 c\u1ed1t l\u00f5i c\u1ee7a ch\u1ea5t l\u01b0\u1ee3ng th\u1ef1c hi\u1ec7n \u0111\u01a1n h\u00e0ng, \u0111\u1ec1 c\u1eadp \u0111\u1ebfn kho\u1ea3ng th\u1eddi gian t\u1eeb khi kh\u00e1ch h\u00e0ng \u0111\u1eb7t l\u1ec7nh \u0111\u1ebfn khi \u0111\u01a1n h\u00e0ng th\u1ef1c s\u1ef1 \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n tr\u00ean th\u1ecb tr\u01b0\u1eddng. T\u1ed1c \u0111\u1ed9 th\u1ef1c hi\u1ec7n c\u00e0ng nhanh, nh\u00e0 giao d\u1ecbch c\u00e0ng c\u00f3 kh\u1ea3 n\u0103ng ho\u00e0n th\u00e0nh giao d\u1ecbch v\u1edbi m\u1ee9c gi\u00e1 g\u1ea7n v\u1edbi gi\u00e1 m\u00e0 h\u1ecd th\u1ea5y khi \u0111\u1eb7t l\u1ec7nh.
\n\n
    \n
  • Th\u1ef1c hi\u1ec7n ngay l\u1eadp t\u1ee9c:<\/strong> Nh\u00e0 m\u00f4i gi\u1edbi xu\u1ea5t s\u1eafc n\u00ean c\u00f3 kh\u1ea3 n\u0103ng th\u1ef1c hi\u1ec7n \u0111\u01a1n h\u00e0ng trong v\u00f2ng mili gi\u00e2y, \u0111\u1eb7c bi\u1ec7t trong \u0111i\u1ec1u ki\u1ec7n th\u1ecb tr\u01b0\u1eddng c\u00f3 t\u00ednh thanh kho\u1ea3n cao. \u0110i\u1ec1u n\u00e0y \u0111\u1eb7c bi\u1ec7t quan tr\u1ecdng \u0111\u1ed1i v\u1edbi c\u00e1c nh\u00e0 giao d\u1ecbch t\u1ea7n su\u1ea5t cao v\u00e0 ng\u1eafn h\u1ea1n, v\u00ec gi\u00e1 th\u1ecb tr\u01b0\u1eddng c\u00f3 th\u1ec3 thay \u0111\u1ed5i nhanh ch\u00f3ng trong th\u1eddi gian ng\u1eafn.<\/li>\n
  • R\u1ee7i ro th\u1ef1c hi\u1ec7n ch\u1eadm:<\/strong> N\u1ebfu t\u1ed1c \u0111\u1ed9 th\u1ef1c hi\u1ec7n \u0111\u01a1n h\u00e0ng qu\u00e1 ch\u1eadm, gi\u00e1 c\u00f3 th\u1ec3 thay \u0111\u1ed5i trong qu\u00e1 tr\u00ecnh th\u1ef1c hi\u1ec7n, d\u1eabn \u0111\u1ebfn tr\u01b0\u1ee3t gi\u00e1 ho\u1eb7c b\u00e1o gi\u00e1 l\u1ea1i, t\u1eeb \u0111\u00f3 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn kh\u1ea3 n\u0103ng sinh l\u1eddi c\u1ee7a nh\u00e0 giao d\u1ecbch.<\/li>\n<\/ul>
    \n\n

    B. Tr\u01b0\u1ee3t gi\u00e1 (Slippage)<\/strong> <\/h4>\n\n\"Tr\u01b0\u1ee3t gi\u00e1\" l\u00e0 s\u1ef1 kh\u00e1c bi\u1ec7t gi\u1eefa gi\u00e1 th\u1ef1c t\u1ebf th\u1ef1c hi\u1ec7n \u0111\u01a1n h\u00e0ng v\u00e0 gi\u00e1 m\u00e0 nh\u00e0 giao d\u1ecbch k\u1ef3 v\u1ecdng. Tr\u01b0\u1ee3t gi\u00e1 c\u00f3 th\u1ec3 l\u00e0 t\u00edch c\u1ef1c ho\u1eb7c ti\u00eau c\u1ef1c. Tr\u01b0\u1ee3t gi\u00e1 t\u00edch c\u1ef1c x\u1ea3y ra khi gi\u00e1 \u0111\u01b0\u1ee3c c\u1ea3i thi\u1ec7n, nh\u00e0 giao d\u1ecbch cu\u1ed1i c\u00f9ng nh\u1eadn \u0111\u01b0\u1ee3c gi\u00e1 t\u1ed1t h\u01a1n so v\u1edbi gi\u00e1 khi \u0111\u1eb7t l\u1ec7nh, trong khi tr\u01b0\u1ee3t gi\u00e1 ti\u00eau c\u1ef1c x\u1ea3y ra khi gi\u00e1 x\u1ea5u \u0111i, gi\u00e1 cu\u1ed1i c\u00f9ng kh\u00f4ng nh\u01b0 k\u1ef3 v\u1ecdng.
    \n\n
      \n
    • Tr\u01b0\u1ee3t gi\u00e1 t\u00edch c\u1ef1c:<\/strong> Nh\u00e0 m\u00f4i gi\u1edbi c\u00f3 kh\u1ea3 n\u0103ng cung c\u1ea5p c\u1ea3i thi\u1ec7n gi\u00e1 trong \u0111i\u1ec1u ki\u1ec7n th\u1ecb tr\u01b0\u1eddng t\u1ed1t, \u0111\u00e2y l\u00e0 bi\u1ec3u hi\u1ec7n c\u1ee7a th\u1ef1c hi\u1ec7n ch\u1ea5t l\u01b0\u1ee3ng cao.<\/li>\n
    • Tr\u01b0\u1ee3t gi\u00e1 ti\u00eau c\u1ef1c:<\/strong> Khi th\u1ecb tr\u01b0\u1eddng bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh, tr\u01b0\u1ee3t gi\u00e1 ti\u00eau c\u1ef1c c\u00f3 th\u1ec3 x\u1ea3y ra th\u01b0\u1eddng xuy\u00ean h\u01a1n, \u0111\u1eb7c bi\u1ec7t trong \u0111i\u1ec1u ki\u1ec7n thanh kho\u1ea3n th\u1ea5p. Nh\u00e0 m\u00f4i gi\u1edbi xu\u1ea5t s\u1eafc s\u1ebd c\u1ed1 g\u1eafng gi\u1ea3m thi\u1ec3u s\u1ef1 xu\u1ea5t hi\u1ec7n c\u1ee7a tr\u01b0\u1ee3t gi\u00e1 ti\u00eau c\u1ef1c.<\/li>\n<\/ul>
      \n\n

      C. B\u00e1o gi\u00e1 l\u1ea1i (Requote)<\/strong> <\/h4>\n\n\"B\u00e1o gi\u00e1 l\u1ea1i\" x\u1ea3y ra khi nh\u00e0 m\u00f4i gi\u1edbi kh\u00f4ng th\u1ec3 th\u1ef1c hi\u1ec7n \u0111\u01a1n h\u00e0ng \u1edf m\u1ee9c gi\u00e1 m\u00e0 kh\u00e1ch h\u00e0ng \u0111\u00e3 \u0111\u1eb7t, nh\u00e0 m\u00f4i gi\u1edbi s\u1ebd cung c\u1ea5p cho kh\u00e1ch h\u00e0ng m\u1ed9t m\u1ee9c gi\u00e1 m\u1edbi v\u00e0 h\u1ecfi xem c\u00f3 ch\u1ea5p nh\u1eadn m\u1ee9c gi\u00e1 m\u1edbi \u0111\u1ec3 th\u1ef1c hi\u1ec7n \u0111\u01a1n h\u00e0ng hay kh\u00f4ng. B\u00e1o gi\u00e1 l\u1ea1i th\u01b0\u1eddng l\u00e0m ch\u1eadm t\u1ed1c \u0111\u1ed9 giao d\u1ecbch v\u00e0 c\u00f3 th\u1ec3 khi\u1ebfn nh\u00e0 giao d\u1ecbch b\u1ecf l\u1ee1 c\u01a1 h\u1ed9i giao d\u1ecbch t\u1ed1t nh\u1ea5t.
      \n\n
        \n
      • T\u1ea7n su\u1ea5t b\u00e1o gi\u00e1 l\u1ea1i th\u1ea5p:<\/strong> Ch\u1ea5t l\u01b0\u1ee3ng th\u1ef1c hi\u1ec7n \u0111\u01a1n h\u00e0ng cao n\u00ean c\u1ed1 g\u1eafng tr\u00e1nh b\u00e1o gi\u00e1 l\u1ea1i. Nh\u00e0 m\u00f4i gi\u1edbi n\u00ean c\u00f3 \u0111\u1ee7 kh\u1ea3 n\u0103ng k\u1ef9 thu\u1eadt v\u00e0 ngu\u1ed3n cung thanh kho\u1ea3n \u0111\u1ec3 \u0111\u1ea3m b\u1ea3o \u0111\u01a1n h\u00e0ng c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n \u1edf m\u1ee9c gi\u00e1 m\u00e0 kh\u00e1ch h\u00e0ng \u0111\u00e3 \u0111\u1eb7t.<\/li>\n
      • \u1ea2nh h\u01b0\u1edfng c\u1ee7a b\u00e1o gi\u00e1 l\u1ea1i:<\/strong> Nh\u00e0 m\u00f4i gi\u1edbi th\u01b0\u1eddng xuy\u00ean x\u1ea3y ra b\u00e1o gi\u00e1 l\u1ea1i th\u01b0\u1eddng s\u1ebd \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn tr\u1ea3i nghi\u1ec7m giao d\u1ecbch c\u1ee7a nh\u00e0 giao d\u1ecbch v\u00e0 gi\u1ea3m ti\u1ec1m n\u0103ng sinh l\u1eddi c\u1ee7a h\u1ecd.<\/li>\n<\/ul>
        \n\n

        D. C\u1ea3i thi\u1ec7n gi\u00e1 (Price Improvement)<\/strong> <\/h4>\n\n\"C\u1ea3i thi\u1ec7n gi\u00e1\" \u0111\u1ec1 c\u1eadp \u0111\u1ebfn vi\u1ec7c gi\u00e1 th\u1ef1c hi\u1ec7n cu\u1ed1i c\u00f9ng c\u1ee7a \u0111\u01a1n h\u00e0ng c\u00f3 l\u1ee3i h\u01a1n so v\u1edbi gi\u00e1 m\u00e0 nh\u00e0 giao d\u1ecbch th\u1ea5y khi \u0111\u1eb7t l\u1ec7nh, \u0111\u00e2y l\u00e0 m\u1ed9t hi\u1ec7n t\u01b0\u1ee3ng tr\u01b0\u1ee3t gi\u00e1 t\u00edch c\u1ef1c. Khi nh\u00e0 m\u00f4i gi\u1edbi c\u00f3 th\u1ec3 t\u00ecm th\u1ea5y gi\u00e1 t\u1ed1t h\u01a1n tr\u00ean th\u1ecb tr\u01b0\u1eddng, h\u1ecd s\u1ebd ph\u1ea3n \u00e1nh gi\u00e1 n\u00e0y trong vi\u1ec7c th\u1ef1c hi\u1ec7n \u0111\u01a1n h\u00e0ng c\u1ee7a kh\u00e1ch h\u00e0ng, t\u1eeb \u0111\u00f3 t\u0103ng c\u01b0\u1eddng kh\u1ea3 n\u0103ng sinh l\u1eddi c\u1ee7a nh\u00e0 giao d\u1ecbch.
        \n\n
          \n
        • C\u01a1 h\u1ed9i c\u1ea3i thi\u1ec7n gi\u00e1:<\/strong> Nh\u00e0 m\u00f4i gi\u1edbi xu\u1ea5t s\u1eafc n\u00ean c\u00f3 kh\u1ea3 n\u0103ng cung c\u1ea5p c\u01a1 h\u1ed9i c\u1ea3i thi\u1ec7n gi\u00e1 khi \u0111i\u1ec1u ki\u1ec7n th\u1ecb tr\u01b0\u1eddng t\u1ed1t, \u0111\u1eb7c bi\u1ec7t trong c\u00e1c th\u1ecb tr\u01b0\u1eddng c\u00f3 t\u00ednh thanh kho\u1ea3n cao.<\/li>\n
        • C\u00e1ch \u0111o l\u01b0\u1eddng c\u1ea3i thi\u1ec7n gi\u00e1:<\/strong> Nh\u00e0 giao d\u1ecbch c\u00f3 th\u1ec3 \u0111o l\u01b0\u1eddng xem nh\u00e0 m\u00f4i gi\u1edbi c\u00f3 th\u01b0\u1eddng xuy\u00ean cung c\u1ea5p c\u1ea3i thi\u1ec7n gi\u00e1 hay kh\u00f4ng b\u1eb1ng c\u00e1ch xem x\u00e9t s\u1ef1 kh\u00e1c bi\u1ec7t gi\u1eefa gi\u00e1 th\u1ef1c hi\u1ec7n v\u00e0 gi\u00e1 \u0111\u1eb7t l\u1ec7nh trong l\u1ecbch s\u1eed giao d\u1ecbch c\u1ee7a h\u1ecd.<\/li>\n<\/ul>
          \n\n

          2. C\u00e1c y\u1ebfu t\u1ed1 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn ch\u1ea5t l\u01b0\u1ee3ng th\u1ef1c hi\u1ec7n \u0111\u01a1n h\u00e0ng<\/strong> <\/h3>\n\nCh\u1ea5t l\u01b0\u1ee3ng th\u1ef1c hi\u1ec7n \u0111\u01a1n h\u00e0ng c\u1ee7a nh\u00e0 m\u00f4i gi\u1edbi ph\u1ee5 thu\u1ed9c v\u00e0o nhi\u1ec1u y\u1ebfu t\u1ed1, bao g\u1ed3m c\u01a1 s\u1edf h\u1ea1 t\u1ea7ng k\u1ef9 thu\u1eadt c\u1ee7a nh\u00e0 m\u00f4i gi\u1edbi, m\u1ea1ng l\u01b0\u1edbi nh\u00e0 cung c\u1ea5p thanh kho\u1ea3n v\u00e0 m\u00f4 h\u00ecnh th\u1ef1c hi\u1ec7n \u0111\u01a1n h\u00e0ng. Hi\u1ec3u nh\u1eefng y\u1ebfu t\u1ed1 n\u00e0y gi\u00fap nh\u00e0 giao d\u1ecbch \u0111\u00e1nh gi\u00e1 ch\u1ea5t l\u01b0\u1ee3ng d\u1ecbch v\u1ee5 c\u1ee7a nh\u00e0 m\u00f4i gi\u1edbi.

          \n\n

          A. C\u01a1 s\u1edf h\u1ea1 t\u1ea7ng k\u1ef9 thu\u1eadt c\u1ee7a nh\u00e0 m\u00f4i gi\u1edbi<\/strong> <\/h4>\n\nCh\u1ea5t l\u01b0\u1ee3ng th\u1ef1c hi\u1ec7n \u0111\u01a1n h\u00e0ng ph\u1ee5 thu\u1ed9c cao v\u00e0o \"c\u01a1 s\u1edf h\u1ea1 t\u1ea7ng k\u1ef9 thu\u1eadt\" c\u1ee7a nh\u00e0 m\u00f4i gi\u1edbi. Nh\u00e0 m\u00f4i gi\u1edbi c\u1ea7n c\u00f3 n\u1ec1n t\u1ea3ng giao d\u1ecbch v\u00e0 h\u1ec7 th\u1ed1ng th\u1ef1c hi\u1ec7n \u0111\u01a1n h\u00e0ng \u1ed5n \u0111\u1ecbnh, hi\u1ec7u qu\u1ea3 \u0111\u1ec3 \u0111\u1ea3m b\u1ea3o \u0111\u01a1n h\u00e0ng \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n v\u1edbi t\u1ed1c \u0111\u1ed9 nhanh nh\u1ea5t.
          \n\n