We have recently ventured into the forex market. At the start of last year we began manageing some client money through several different forex sources. We were very disappointed in the spread and execution of trades through most front ends. The thing about forex markets is that there is no central market place, like an exchange. So the deal with most of the FX trading sites is that they are trading off of the positions that the small independent traders are executing. Now you can get tighter spreads that are not offset if you pay a commision per trade. So in our research, we were looking for an option to offer to our clients that remained commission free but still offered tight spreads that were direct trade throughs to the banks bids and offers. We recently found a partner that is able to offer that to us through our own label. We are now able to offer those same tight spreads, 1- 2 pips in the EUR/US, and keep them commision free. Because we are able to trade directly with the banks, we do not need to instill the mark ups that most retail sites need to in order to offset independent trade positions against what the banks are doing. So, essentially what is happening with the other sites like **** and FXSolutions, is they offer a market to clients that does not reflect the market they are seeing, they accept your trades with the mark ups built in and then offset them with the banks at a profit for themselves. The other problem that we saw was the requoting of prices and tremendous latency in fill notification. Through our new system we dont experience those issues. We are very excited about this relatively new environment for trading forex. For the first time, there is now a central aggregate arena for conducting forex trading. Feel free to go to our website and contact us for more information about this and any other forex or futures questions or comments.
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