Forex NDD - Lesson 7

ThinkForex provides fair and fast access to large inter bank liquidity hubs via our NDD (No Dealing Desk) execution model.

FX liquidity hubs are the gateways to electronic trading networks supplied with streaming quotes from top tier banks. Their matching engines perform limit checks and match orders, usually in less than 100 milliseconds per order. The matching is quote driven and these are the prices that match against all orders.

Spreads are discretionary but in general multibank competition creates 1-2 pip spreads on USD Majors and Euro Crosses. The order book is not a routing system that sends orders to individual market makers. It is a live exchange type book working against the best bid/offer of all quotes.

By trading through a NDD broker with inter bank liquidity partnerships, a currency trader generally benefits from greater price transparency, faster processing, increased liquidity and more availability in the marketplace.