Ni aku dapat dari FXCM :-
The No Dealing Desk version allows retail traders to trade around news events, scalp the market, and can offer spreads as tight as 1 pip. Along with execution benefits, the No Dealing Desk account option provides hedging capabilities and positive rolls regardless of your margin level—which can be set as low as 0.5% on Mini or 100K accounts. The No Dealing Desk account option will give you the ease of use of the FX Trading Station with the execution and flexibility that a high frequency trader needs.
We have been able to leverage our relationships with several of the largest banks in the world, to give you access to top-tier bank prices. You will notice some immediate benefits, such as:
· The ability to trade in and out of positions rapidly, without restrictions.
· Hedging capabilities to buy and sell the same currency pair at the same time.
· No intervention from a dealing desk confirming your trades.
· Rapid execution even during volatile market conditions.
· No restrictions on entry orders prior to news events.
· Positive rolls regardless of your margin level
· Anonymity: Banks will only see that FXCM has an order in the market whenever you enter a trade. The banks do not know your stop, limit, or entry orders.
There are differences in the quoting of the currency pair prices and execution. Here are some things you will want to be aware of:
· With multiple banks quoting, the spreads can vary. On average the spreads will be tighter, but under certain market conditions you can find the spreads may widen. You can find a list of typical spreads here:
http://www.fxcm.com/spreads.jsp
· Market orders and Stops (Entry & Exit) are subject to next best pricing. Although the liquidity available is significant, there still is the possibility of slippage.
· If your price on a stop order has been reached over the weekend, it will become a market order once the market opens at 5:15 PM (Eastern Standard Time) EST on Sunday. Limit orders will only be executed at the price you requested.
Even with this new style of execution you will still have all the advantages of being an FXCM client. You will still be able to call in to place trades, customize your leverage, and you will still have the peace of mind added through FXCM’s no debit balance policy.
To learn more, visit
http://www.fxcm.com/execution-advantage.jsp