Market Execution Forex broker
Market Execution a No-Dealing Desk (NDD) broker, that executes Buy and Sell orders based on currently available market price, and should the price change, the next available price will be used automatically.
How Market Execution Forex brokers work?
- Price:Market Execution Forex brokers receive price feeds from their Liquidity Providers. Price feeds come in several layers (or levels) known as Market Depth (DOM), meaning there are a current Bid/Ask price along with several lower & higher Bid/Ask prices available for trading as well.
- Trade: Clients' orders are executed at the current available market price, or at the next available price should a) the price change b) should there be not enough volume at the current price level to facilitate execution of an order in whole (in this case the order gets executed in portions at every next available price point until the entire order is filled)
- What's the deal? With Market Execution Clients hardly ever see trading orders being rejected or re-quoted, as Clients accept that orders are to be filled at the next available price whatever it might be. This means a trade or trend will never be missed, yet at a cost of less precise/favorable market entry at certain volatile market conditions.