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Learn the essential facts about FXCM's No Dealing Desk (NDD) model, which eliminates re-quotes and order restrictions while providing clients access to over 12 competing liquidity providers. Enjoy anonymity as market makers cannot see your orders, allowing all trading strategies, including breakouts, scalping, and momentum, to thrive. Understand what to expect from your broker, including response times to news events and order execution details. With competitive spreads and better pricing, NDD trading enables a transparent and efficient trading experience.
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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: 1.32233 B: 1.32258 FRONT END BACK OFFICE BBOE BANK 2 S: 1.32213 B: 1.32248 BANK 3 S: 1.32223 B: 1.32238
Pricing Engine BANK 1 SPREAD 2.5 BANK 1 S: 1.32233 B: 1.32258 BBOE BANK 2 SPREAD 3.5 BANK 2 S: 1.32213 B: 1.32248 BANK 3 SPREAD 1.5 BANK 3 S: 1.32223 B: 1.32238
Pricing EngineBBO - Best Bid Offer 1.32233 / 1.32238 0.5 pip spread
No Dealing Desk Model BANK 1 S: 1.32233 FRONT END BACK OFFICE BBOE BANK 2 BANK 3 B: 1.32238
Know the Facts: Know your Broker • 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?
Which Strategies work at No Dealing Desk firms? • Any Trading Strategy • Break Out • Scalping • Momentum • Range