What do you mean by a ‘Fair(er) Price’?

By Matt Ward, CEO

First, a key definition of an open order book might help. To précis Investopedia, ‘an order book is an electronic list of buy and sell orders for a specific financial instrument, organised by price level’.

More detail can be read here: https://www.investopedia.com/terms/o/order-book.asp

Next, let’s try and attempt to define what is largely considered to be a “fair price” by the active trading community.

A fair price is a price that any given customer can submit (for possible execution as a Limit Order) or can transact (as a Market Order) at the “top of the order book” — which is the current best bid or best offer made by other traders within the community.

A fair(er) price would be a price that is free from trading fees and any other hidden charges, because fees never really allow a trade at the price advertised. Paying a percentage of one’s trade to an exchange that has an open order book effectively means one never trades at the best bid or offer.

The Aquarius solution is fair(er) for our customers.

Aquarius Exchange will be more transparent, with no hidden charges or mark ups on a bid/offer spread. And with zero trading fees for all customer types.

We think that is fair(er).

Global Currency Exchange