Dear all,
I have received an e-mail from my broker fxcm stating that all my orders will be placed via "enhanced execution" soon. Currently I am paying a low spread + commission. Meaning for me it is no-dealing-desk (NDD) set-up.
According to the e-mail "enhanced execution" allows fxcm to match orders with external markets, other customers or even themselves to be the oppositve party. Furthermore I would not pay any commission anylonger and a (higher) spread instead. For my understanding FXCM is trying to force me to a dealing desk/ECN account type, right? Are the any benefits for me to do so? I only see higher cost (trough higher spreads vs. low spreads + commission) and less market proximity/transparency.
Have a nice day,
Hamburger
I have received an e-mail from my broker fxcm stating that all my orders will be placed via "enhanced execution" soon. Currently I am paying a low spread + commission. Meaning for me it is no-dealing-desk (NDD) set-up.
According to the e-mail "enhanced execution" allows fxcm to match orders with external markets, other customers or even themselves to be the oppositve party. Furthermore I would not pay any commission anylonger and a (higher) spread instead. For my understanding FXCM is trying to force me to a dealing desk/ECN account type, right? Are the any benefits for me to do so? I only see higher cost (trough higher spreads vs. low spreads + commission) and less market proximity/transparency.
Have a nice day,
Hamburger