Which brokers operate both as Market Maker and with STP execution?
I was looking at a Boston Technologies document and saw this paragraph:
• Hybrid Models:
o Send some customers to the liquidity providers and keep some in house
o For all customers keep some trades in house and send some to the liquidity providers
o Send all trades of size X or larger to the liquidity providers
I'm wondering whether some brokers who claim to be an STP broker (as a marketing tactic) may not actually be 100% STP but only partially. Which brokers would fall into this category?
I was looking at a Boston Technologies document and saw this paragraph:
• Hybrid Models:
o Send some customers to the liquidity providers and keep some in house
o For all customers keep some trades in house and send some to the liquidity providers
o Send all trades of size X or larger to the liquidity providers
I'm wondering whether some brokers who claim to be an STP broker (as a marketing tactic) may not actually be 100% STP but only partially. Which brokers would fall into this category?