Glossary · Execution and risk
Legging risk
Legging risk is the exposure between filling one leg of a paired trade and filling the other. Until both legs are done, the position is directional, and a price move in that gap can cost more than the trade was meant to earn.
Coordinated execution limits it: working both legs together, escalating an unfilled leg in a controlled way, and pausing new entries while a pair is unhedged.
See how AlgoBee handles it in a demo