Ausführungspreis

Ausführungspreis refers to the price at which a financial security is actually bought or sold. It is the transaction price that is ultimately recorded in the market. This differs from the desired price or the price quoted at a particular moment, as the Ausführungspreis is determined by the execution of the trade. For an order to be executed, there must be a willing buyer and a willing seller at a mutually agreed-upon price.

The Ausführungspreis can be influenced by various factors, including market liquidity, the size of the order, and the prevailing market conditions at the time of execution. In highly liquid markets, where there are many buyers and sellers, it is often easier to achieve an Ausführungspreis close to the quoted bid or ask price. However, in less liquid markets or for large orders, the Ausführungspreis might deviate from the quoted price due to the need to find counterparties or absorb the impact of the order on the market.

Different order types can also affect the Ausführungspreis. For example, a market order will typically be executed at the best available price in the market at that moment, which may or may not be exactly the price quoted when the order was placed. A limit order, on the other hand, specifies a maximum price at which a buyer is willing to purchase or a minimum price at which a seller is willing to sell, and the Ausführungspreis will be at or better than this limit. Understanding the Ausführungspreis is crucial for investors to assess the efficiency of their trades and manage their investment costs.