FX and CFD are over the counter traded products, where banks and broker dealers are placing their own and client orders amongst themselves. The over the counter market as such is not visible. As a client you have to place your order through a dealer who works as an intermediary.
Thus your trade is neither anonym nor transparent because it has to pass the broker to be matched. This not only slows down the speed of execution but also exposes your order for requotes, unfortunate spreads and the famous last look. As the first FX and CFD exchange Lmax Exchange offers a multi trading facility that allows for direct dealing at institutional prices, without intermediaries. SwissDirekt introduces you to Lmax MTF, a neutral marketplace where buyers and sellers place their orders. Trading is fast, neutral, transparent and anonym.
Mehr...