Partial execution

The market situation may lead to an order being executed in several steps, i.e. not in full, during its validity.

As a rule, on the stock market a buy or sell order is split into partial transactions if the order cannot be matched in full at the desired price. This occurs particularly in securities with a small market capitalization or free float. This can be very bothersome to investors – particularly if the partial transaction volumes are small and the commissioned bank charges a fee for each transaction. The stock exchange does not charge additional transaction fees.

However, partial execution may also offer an advantage if part of the order is executed at a better price.

Our glossary explains important financial terms and should not leave any questions unanswered. However, if you are missing a definition, please write to us at We will then include the term if possible.