We have no Dealing Desk
We introduced an execution of No Dealing Desk (NDD) for all transactions on the forex at Gulf FX. Our primary aim was in providing efficient and reasonably pricing and executing the model as compared to models used by the rest of the dealing desk agencies. We have already achieved our goal and, therefore, today we have competitively market-driven NDD prices in the forex business. We ensure that there is a transparent and reasonably executed NDD in the forex industry.
- Liquidity providers give raw spreads
- Trading conflicts between brokers and traders do not exist at all
- Unrestricted use of strategies including trade news, scalp and using any EA.
- Order execution is anonymous such that all price providers are not able to see your limits, stops, and entry rules.
- There is a potential improvement in prices for all types of orders
- There are no requires and dealer interventions
How NDD Works
Gulf FX works as a price aggregator in the NDD model. We are involved in taking the bid and ask price that are best available from liquidity providers and then stream all these prices to platforms of our choice. Our liquidity providers include; financial institutions, Global banks and also other market players. This variety of liquidity providers qualifies the NDD model to as an individual to Gulf FX.
When trading with standard dealing desks, one may not realize the source of prices. This phenomenon is attributed to Gulf FX’s diverse liquidity providers who ensure reliable NDD prices that are not provided by a single person and also reflect the market as a whole. Competition in the forex industry is also another contributor to fair and market-driven prices. In a way to provide the best ask prices and bid, Gulf FX offers order flow rewards to liquidity providers. Such efficient selection criteria help liquidity providers from adverse price effects.
To eliminate trading conflict, Gulf FX does not take any position. Other dealing desk brokers are likely to profit when you are losing; by trading against your position. Also, they can lose when you are profiting. They are likely to require your orders or restrict limits. In Gulf FX NDD model on execution fill your orders automatically from NDD price feed deemed as the best bid prices from our liquidity providers. Besides, your command is unknown to all liquidity providers. Your limits, stops or entry orders remain anonymous to liquidity providers. They are only able to see market orders that come from Gulf FX.