Who are our liquidity providers?
CFDTimes’ liquidity providers include global banks, financial institutions, prime brokers, and other market makers. CFDTimes currently has 16 liquidity providers: Bank of America N.A. – Barclays Bank, PLC – BNP Paribas – Nomura International, PLC – Citibank N.A. – Morgan Stanley & Co., LLC – UBS AG – Deutsche Bank AG – Goldman Sachs International – and Commerzbank AG. Liquidity providers that stream pricing through the FastMatch Electronic Communication Network include: The Royal Bank of Scotland plc – RBC Capital Markets – Credit Suisse Group AG.
How do liquidity providers compete?
Each liquidity provider streams through a direct feed of executable buy and sell prices to CFDTimes. CFDTimes’ No Dealing Desk Price Engine selects the best buy price and the best sell price, which result in the best available spread. There is no markup added to CFDTimes’ Standard No Dealing Desk account type, making our spreads transparent and some of the lowest in the industry. Liquidity providers are also ranked by their executable prices, order rejection rate, spreads, quoting prices, and latency. Those that provide the best pricing and execution will receive an increase in orders, whereby poor performers will be moved to the end of the line or completely removed from the platform. By holding our liquidity providers to such high standards, we are able to provide the best possible customer experience.
What do liquidity providers see?
When a trader places an order through CFDTimes’ Straight-Through Processing system, an exact matching order is sent from CFDTimes to the liquidity provider that is providing the best price. For example, a buy order in the example above would go to liquidity provider #2. To the liquidity provider, all orders appear as Market Orders from CFDTimes and contain no information about the trader. Since your stops, limits, and your entry orders are invisible to these price providers, we create an environment free of price manipulation. When we combine this with no re-quote trading you have the opportunity to confidently trade all market conditions, even during key news events.