You may have heard the term 'last look' being mentioned by traders and been confused as to what is meant by this term. Last Look simply refers to the ability that liquidity providers have to reject an order even when the order matches the liquidity provider quoted price. Essentially, the liquidity gets one last chance or look to decide whether they want to take the other side of an order.The fact that liquidity providers can give traders orders a last look before accepting the order is somet...More
- Company: FxPro is the trading name of FXPRO UK Limited and FxPro Financial Services Limited. Regulated in the UK and Cyprus respectively.
- Founded: 2006
When researching brokerages and looking into where to trade, you may have stumbled upon a number of Multilateral Trading Facilities (MTF's), in this article we explain what a MTF is and explain why Forex traders are increasingly discussing the merits of MTF''s.What is a MTF?The concept of an MTF was first intro...More
You will often find the terms ECN/STP used together or in the same sentence, which has led to many people asking what the difference between an ECN and STP actually is. The reason why STP and ECN brokers are often talked about as if they are the same thing is due to the fact that both brokerage models operate without a Dealin...More
What is a Bucket Shop? A Bucket Shop is a firm or company which operates as if it was a legitimate brokerage house dealing in certain financial instruments. When trading with a bucket shop however client trades are not passed...More
FXOpen has just recently launched its UK site at fxopen.co.uk, after having gained FCA regulation early this year. The opening of the UK branch sees the firm move into the competitive and lucrative European market with FXOpen brand operating both an ASIC and FSP regulated entities.FXOpen has established itself as one of the larger retail F...More
Depth of Market (DOM) provides traders with a measure of the number of pending buy and sell orders for a currency pairing at a range of different market prices. Depth of Market provides traders with information regarding of the amount of liquidity available at different market prices. The larger the ...