Match-Prime Liquidity Execution Data
Six named market events, September 2025 to October 2026. Spreads, tick volume, uptime and fills for gold, silver, EURUSD and Brent.
Contact usLast updated: · 6 events · 17 measures
Match-Prime, a CySEC-regulated prime-of-prime liquidity provider, publishes execution data from named market events. This page lists every figure from six events between September 2025 and October 2026: average spreads, tick volume, quote uptime, fill ratio and execution time for XAUUSD, XAGUSD, EURUSD and Brent, with three comparable liquidity providers measured during the same events.
Key findings
- On 2 October 2026, through the US payrolls release (12:29–12:35 UTC), Match-Prime's average XAUUSD spread was $0.125 an ounce. Three comparable providers averaged $0.665 to $4.52.
- After the 29 July 2026 Fed decision, Match-Prime's average XAUUSD spread was $0.122 an ounce, against $0.168 to $0.968 at comparable providers.
- On 30 January 2026, silver's worst day on record, Match-Prime's average XAGUSD spread was $0.085 an ounce, with 99% of orders filled at an average of 16 ms.
- During the 28 November 2025 CME Group outage, Match-Prime quoted XAUUSD for 100% of the measured window. Comparable providers quoted for about 45% to 92% of it.
- Through the 5 September 2025 US payrolls release, Match-Prime's average EURUSD spread was 0.82 pips, against 0.90 to 10.13 pips.
How to read these figures
XAUUSD (gold) execution data
5 eventsAcross five events from September 2025 to October 2026, Match-Prime's average XAUUSD spread was between $0.122 and about $1.00 an ounce. Comparable providers averaged between $0.145 and about $7.50 during the same events.
| Report | Date | Event | Match-Prime | Comparable providers |
|---|---|---|---|---|
| 06 | 2 Oct 2026 | US payrolls | 0.125 (12.5¢) | 0.665–4.52 |
| 05 | 29 Jul 2026 | Fed rate decision | 0.122 (12.2¢) | 0.168–0.968 |
| 03 | 30 Jan 2026 | Precious-metals crash | 0.70 (70¢) | 1.13–2.22 |
| 02 | 28 Nov 2025 | CME Group outage | ~1.00 (~100¢) | ~2.50 – ~7.50 |
| 01 | 5 Sep 2025 | US payrolls | 0.125 (12.5¢) | 0.145–1.10 |
| Report | Date | Measure | Match-Prime | Comparable providers |
|---|---|---|---|---|
| 06 | 2 Oct 2026 | Tick volume, price updates | 14,889 (~41 per second) | 5,858–13,873 (~16 – ~39 per second) |
| 03 | 30 Jan 2026 | Tick volume, price updates | 1.35 million | not measured |
| 02 | 28 Nov 2025 | Quote uptime, % of window | 100% | ~45% – ~92% |
| 02 | 28 Nov 2025 | Tick volume, price updates | ~6,000 | ~250 – ~4,200 |
| 01 | 5 Sep 2025 | Tick volume, price updates | ~3,100 | ~250 – ~2,300 |
XAGUSD (silver) execution data
1 eventOn 30 January 2026, when spot silver fell 27%, Match-Prime's average XAGUSD spread was $0.085 an ounce, against $0.17–$0.19 at comparable providers. 99% of orders were filled, at an average of 16 ms.
| Measure | Unit | Match-Prime | Comparable providers |
|---|---|---|---|
| Average spread | USD per troy ounce | 0.085 (8.5¢) | 0.17–0.19 |
| Fill ratio | % of orders | 99% | not measured |
| Average execution time | milliseconds | 16 | not measured |
| Tick volume | price updates | 1.17 million | not measured |
EURUSD execution data
1 eventThrough the 5 September 2025 US payrolls release, Match-Prime's average EURUSD spread was 0.82 pips, against 0.90 to 10.13 pips at comparable providers. Match-Prime's feed carried about 1,300 price updates; the comparable providers carried about 320 to 1,180.
| Measure | Unit | Match-Prime | Comparable providers |
|---|---|---|---|
| Average spread | pips | 0.82 | 0.90–10.13 |
| Tick volume | price updates | ~1,300 | ~320 – ~1,180 |
Brent crude execution data
1 eventWhen Brent crude reopened more than 30% higher on 9 March 2026, Match-Prime's Brent book held 99% of its standard depth, with both sides of the book in place.
| Measure | Unit | Match-Prime | Comparable providers |
|---|---|---|---|
| Book depth held | % of standard depth | 99% | not measured |
Results by event
Six execution reports, newest first: what was measured, on which instruments.
| Report | Date | Event | Type | Instruments | Measures |
|---|---|---|---|---|---|
| 06 | 2 Oct 2026 | US non-farm payrolls | Scheduled release | XAUUSD | Spread, tick volume |
| 05 | 29 Jul 2026 | Fed rate decision | Scheduled release | XAUUSD | Spread |
| 04 | 9 Mar 2026 | Oil supply shock | Market shock | Brent | Book depth |
| 03 | 30 Jan 2026 | Precious-metals crash | Market shock | XAGUSD, XAUUSD | Spread, ticks, fill, execution time |
| 02 | 28 Nov 2025 | CME Group outage | Venue outage | XAUUSD | Uptime, spread, ticks |
| 01 | 5 Sep 2025 | US non-farm payrolls | Scheduled release | EURUSD, XAUUSD | Spread, tick volume |
Full results table
Every published figure, one row per measure.
| Report | Date | Instrument | Measure | Unit | Match-Prime | Comparable providers (lowest–highest) |
|---|---|---|---|---|---|---|
| 06 | 2026-10-02 | XAUUSD | Average spread | USD/oz | 0.125 | 0.665–4.52 |
| 06 | 2026-10-02 | XAUUSD | Tick volume | updates | 14,889 | 5,858–13,873 |
| 05 | 2026-07-29 | XAUUSD | Average spread | USD/oz | 0.122 | 0.168–0.968 |
| 04 | 2026-03-09 | Brent | Book depth held | % of standard | 99 | not measured |
| 03 | 2026-01-30 | XAGUSD | Average spread | USD/oz | 0.085 | 0.17–0.19 |
| 03 | 2026-01-30 | XAGUSD | Tick volume | updates | 1,170,000 | not measured |
| 03 | 2026-01-30 | XAGUSD | Average execution time | ms | 16 | not measured |
| 03 | 2026-01-30 | XAGUSD | Fill ratio | % of orders | 99 | not measured |
| 03 | 2026-01-30 | XAUUSD | Average spread | USD/oz | 0.70 | 1.13–2.22 |
| 03 | 2026-01-30 | XAUUSD | Tick volume | updates | 1,350,000 | not measured |
| 02 | 2025-11-28 | XAUUSD | Quote uptime | % of window | 100 | ~45 – ~92 |
| 02 | 2025-11-28 | XAUUSD | Average spread | USD/oz | ~1.00 | ~2.50 – ~7.50 |
| 02 | 2025-11-28 | XAUUSD | Tick volume | updates | ~6,000 | ~250 – ~4,200 |
| 01 | 2025-09-05 | EURUSD | Average spread | pips | 0.82 | 0.90–10.13 |
| 01 | 2025-09-05 | EURUSD | Tick volume | updates | ~1,300 | ~320 – ~1,180 |
| 01 | 2025-09-05 | XAUUSD | Average spread | USD/oz | 0.125 | 0.145–1.10 |
| 01 | 2025-09-05 | XAUUSD | Tick volume | updates | ~3,100 | ~250 – ~2,300 |
“~” marks figures first published as approximate. Comparable providers are liquidity providers that also supply Match-Prime, anonymised and shown as the range from lowest to highest average. They are not necessarily the same three in every report.
Definitions and method
How the measures on this page are defined.
- Average spread
- Ask minus bid, averaged over the event. Gold and silver are in USD per troy ounce; EURUSD is in pips.
- Tick volume
- The number of price updates during the event. More updates mean the quote kept refreshing while the market moved.
- Ticks per second
- Tick volume divided by the length of the measured period in seconds. It is derived from the tick count, not measured separately.
- Quote uptime
- The share of the measured period in which a two-sided quote was available.
- Fill ratio
- The share of client orders that were filled.
- Execution time
- The average time taken to fill an order, in milliseconds.
- Book depth held
- Depth available during the event, as a percentage of normal depth.
- Comparable providers
- Three liquidity providers that also supply Match-Prime, anonymised. They are not necessarily the same three in every report. Their figures are published to show how prices held, not as a ranking.
Which events are included
Reports 01 to 05 were chosen after the events.
Not yet published: peak and 95th-percentile spreads, and before-and-after splits around each release.
Questions about this data
What was Match-Prime's average gold spread during US payrolls releases?
In the two payrolls releases measured so far, Match-Prime's average XAUUSD spread was $0.125 an ounce both times: on 5 September 2025, and on 2 October 2026 over 12:29–12:35 UTC. Comparable providers averaged $0.145–$1.10 and $0.665–$4.52 respectively.
How do Match-Prime's spreads compare with other prime-of-prime providers during market events?
In each of the five events with comparable spread figures, Match-Prime's average spread on every measured instrument was below the lowest average of three comparable liquidity providers measured during the same event. Reports 01 to 05 were chosen after the events.
What does a $0.125 gold spread cost per lot?
Crossing a spread of $0.125 an ounce once costs $12.50 on a standard 100-ounce gold lot. At around $4,200 gold, that is about 0.3 basis points.
Why are the comparable providers anonymous?
The data is published to show how prices held through named events, not to rank providers. The comparable providers are liquidity providers that also supply Match-Prime, and they are not necessarily the same three in every report.
How often is this data updated?
After every qualifying market event. This page was last updated on 30 October 2026.
Can I cite this data?
Yes. Please cite this page as shown below, with the date it was last updated. Every figure is listed with its unit and event date, so it can be quoted without losing context.
How to cite this data
Match-Prime, “Match-Prime Liquidity Execution Data”, updated 30 October 2026, https://match-prime.com/execution-data-all-results
Change log
- Page created, covering Reports 01 to 06.
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Execution data describes specific historical events, instruments, measurement windows and account configurations. It is not a guarantee of future spreads, fill rates, latency, liquidity depth, execution quality or quote availability. Match-Prime is a trading name of MTG Liquidity Ltd, authorised and regulated by the Cyprus Securities and Exchange Commission (licence 390/20). Services are for professional clients and eligible counterparties only.