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Glossary Letter: P

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PCE Price Index

A US inflation measure based on consumer spending data that the Federal Reserve watches closely when assessing price stability.
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Partial Fill

A partial fill occurs when only part of an order is executed, with the remainder filled later or not at all.
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Pipette

A pipette is a fractional pip used to quote FX prices with more precision.
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Position Size

Position size is the amount of exposure taken in a trade and is a key driver of risk.
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Pips

A pip is a standard unit of price movement in many FX pairs, often the fourth decimal place.
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Positioning

Positioning refers to how market participants are allocated across long and short exposures.
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Price Impact

Price impact is the change in price caused by executing an order, especially in thinner markets.
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