FOREX TRADING EXECUTION LEARN THE FACTS
No Dealing Desk Competitive Advantages
FXCM’s No Dealing Desk Advantage No re-quotes No order restrictions Over 12 liquidity providers competing for client order flow Market makers cannot see your orders – providing clients anonymity All Trading Strategies welcome
No Dealing Desk Model BANK 1 S: B: BANK 2 S: B: BANK 3 S: B:
Pricing Engine BANK 1 S: B: BANK 2 S: B: BANK 3 S: B: BANK 1 SPREAD 2.5 BANK 2 SPREAD 3.5 BANK 3 SPREAD 1.5 SELLBUY BANK BANK BANK
Pricing Engine BBO - Best Bid Offer / pip spread
No Dealing Desk Model BANK 1 S: BANK 2 BANK 3 B:
When will I get a re-quote? What are the order restrictions on news? How far away do I have to put my stops? How many pips away must limits be? Who is my market maker? Who sees where I set my stops, limits, and entries? Know the Facts: Know your Broker
Any Trading Strategy Which Strategies work at No Dealing Desk firms? Break Out Momentum Scalping Range