Market makers set both the bid and forex ecn market depth of nepse ask prices and display them on their quote screens. They route orders through their own dealing desk and are prepared to make transactions at the displayed prices, providing liquidity to their clients.
NDD Forex brokers provide access to the interbank market without passing orders through their dealing desk. With true No Dealing Desk brokers there are no re-quotes on orders and no additional pausing during order confirmation. A NDD broker can either charge a commission for trading or choose to increase the spread and make Forex trading commission free. STP Forex brokers send orders directly from clients to the liquidity providers – banks or other brokers. Sometimes STP brokers have just one liquidity provider, other times several. The more the liquidity providers – and therefore liquidity in the system – the better the fills for the clients.
The fact that traders have access to the real-time market quotes and can execute trades immediately without dealer intervention is what makes the platform STP. ECN Forex brokers additionally allow orders to interact with other orders. I agree to the storage of my email address, name, and IP address. This information and any feedback I provide may be used to inform product decisions and to notify me about product updates. You can opt-out at any time.
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