No Dealing Desk/STP Operation​

STP & NON STP


UAGTRADE is a true No Dealing Desk execution broker and offers Straight Through Processing (STP) which automatically sends orders directly from the trader to the liquidity provider without passing orders through a dealing desk. It ensures that orders are processed instantly, devoid of delays and requotes. It also eliminates the conflict of interests between the broker and the client.

MORE LIQUIDITY

Clients can get the chance to trade on the competitive bid/ask rates, due to the presence of wide range of interbank connection and liquidity providers who can also provide UAGTRADE clients more market depth.

DEEPER MARKET ACCESS

We give traders deeper market access by providing a pathway to a deeper liquidity pool, getting pricing from several liquidity providers in the interbank market.

NO CONFLICT OF INTEREST

STP forex brokers do not profit from the losses of their clients. They profit only from adding a small commission.

WHAT YOU SEE IS WHAT YOU GET

UAGTRADE giving you an unmanipulated view into true market quotes.

Difference Between A-Book & B-Book

STP & NON STP


The A-book/Straight Through Processing

CLIENT

ORDER REQUEST
ORDER ACCEPTANCE

UAGTRADE

LIQUIDITY PROVIDER

BULK ORDER
BULK ACCEPTANCE

MAJOR BANK

When a customer trade is passed through to a liquidity provider or multilateral trading facility, this is known as A-booking (also known as Straight through Processing “STP”).

When this happens, brokerages turn a profit by marking up the spread or charging their customers commission. There is no conflict of interest as the brokerage will make the same profit regardless of whether the trader is profitable or not.

The B-book/Dealing Desk

CLIENT

ORDER REQUEST
INTERNAL SETTLEMENT

BROKER

LIQUIDITY PROVIDER

NO ORDER
NO ACCEPTANCE

MAJOR BANK

If the brokerage instead decides to keep the customer’s trade on their own book, this is known as B-booking. The brokerage takes the other side of a customer’s trade which means when B-booking, a brokerage’s total profit can often be equal to the total losses of the trades placed on their B-book.

Brokerages are able to manage risk associated with keeping a B-book by using certain risk management tactics, such as internal hedging and spread variation.

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