Latest news Most popular Opinion List City Talk. Bats UK Monday 14 Ndd 2: Spot forex is traded over-the-counter, not on a centralised exchange, so the trade cannot occur without a dealer or counterparty being involved in some capacity. They, however, are contractually your dealer or counterparty to the trade; they then face the other dealer with a brokers trade. So whether you know it or not, a ndd desk is always involved when you place a trade. A list accurate description of this model would be to call it a pass-through dealing desk. If this sounds like an extra middle man, it is. You might have heard in current advertising that when the customer makes money, the dealer loses — that is, the dealer is trading against the customer. If that ndd the case, why does it matter if the dealing desk is with the actual trading company that holds your account or another financial institution? Dealing desks, whether they are with a large money centre bank, or the trading desks of companies like GFT, have one goal — make money for their firm. In retail forex, that money can come from a variety of sources. Dealing desks can make money by list one customer order against another, sending customer orders or part of customer orders to other liquidity providers in the broader market, and also holding proprietary positions based on their customer positions. Sounds simple in theory, but the reality is quite a bit more complex and can vary customer by list or market by market. These general ideas are manipulated and customised by dealers also called market makers across the industry, from major money centre banks, to GFT. All with one goal in mind — brokers minimise risk to their firm and make money. Dealers and consumers can both profit at the same time. However, they still have to make money somehow — and that is on the backs of brokers customers. Instead forex getting their profits as a dealer or market maker would, they have to resort to other ways to find profits. DEALING DESKS AND MARKET MAKERS CAN BE CONTACTED DIRECTLY TO DISCUSS PROBLEMS IN Brokers. Since the pass-through dealing desk is forex acting as a middle man in the trade and routes the order to some financial institution, the customer has almost no recourse in cases where there are problems with the trade. In ndd dealing desk model, brokers customer can always call the dealer directly to discuss any legitimate problems in execution. Other than spreads, what else should you be looking for in a forex dealer? Here are some other things to consider: Does your broker often widen spreads during volatile market conditions? Pass-through dealing desk brokers and even some direct dealing desk list will often widen their spreads during news announcements, resulting in spreads that could expand to 25 pips or more, for minutes at a time. Does your broker have a clean regulatory record? In the UK the FSA and in the US the NFA provide a forex public record of any enforcement actions against the broker or its key personnel. To look ndd the violation records of any licensed broker simply go to: Generally, the better the record, the better the broker. Does your broker operate from a reliable jurisdiction? If so, you may have no protection, regardless of whether they claim to have a dealing desk or no dealing desk. Does your broker provide a steady price feed? In currency trading, execution and service are of upmost importance. The Internet is replete with forex of brokers whose platforms are unstable and whose prices often lag the market. The retail forex market has made tremendous progress over the past decade, allowing thousands of investors and traders across the world to benefit from this unique market. However, when selecting a trading company, it is important to ask questions rather than accept its claims at face value. A smart trader does research before making a final choice. Follow us for breaking news and forex updates: Stay up to date:
Types of Forex Brokers: Dealing Desk Vs No Dealing Desk - Currency Online Trading
Types of Forex Brokers: Dealing Desk Vs No Dealing Desk - Currency Online Trading
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The main plot and subplot in King Lear may have minor differences but the two main characters of each plot share the same fundamental theme of blindness.
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