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PRIME Broker type LIQUIDITY FOR RETAIL FX TRADERS

SPA

Single Point Aggregation: A single hub aggregation of leading FX liquidity providers customized to our clients trade flow. A Prime Broker Offering direct to the retail FX world.

What exactly is Single Point Aggregation (SPA)?

The FX Marketplace is, in reality, a small very well connected network of liquidity makers and takers. In the end, the same small group of large FX banks take on nearly all the position risk in the retail FX sector. Our SPA feed is a pre-aggregated, single flow, prime broker style feed that is made up of the top makers in the industry. The SPA technology ensures that no single provider is hit more than one on a single ticket, this ensures a better overall pricing flow and execution quality.

How does SPA work?

Our Single Point Aggregation system is pre-aggregated by our prime broker in line with our specific trade flow. This aggregation model is setup to ensure that no single provider is exposed to more than one hit per individual trade ticket. Double tapping, as it is referred to in the industry, happens when a provider is hit with the same entry via multiple channels. This causes the provider to take aversive action by either pulling liquidity or widening their spread as to not see further exposure. As we are able to clear all our trade flow over the SPA feed via one single provider this allows us to offer zero margined hedge trading as well, which is quite beneficial to traders trading with a hedging based strategy.

Low Latency Trade Execution

FXPIG™ clients deal instantly on live, executable prices with sub 80ms executions. The SPA feed provides a mix of firm and non-firm liquidity, a curated mix that looks to lower the overall rejection rate while keeping the average slippage to a minimum.

Solid Top of Book Offering

All Liquidity Providers pricing on our SPA feed are top tier banks or tier-one market markers, and it shows in the quality of execution and the top of book availability even in the most illiquid times of the day. The average top of book is 1,000,000 units on all pairs.

Real, Raw, and Unfiltered Pricing

A common characteristic of the foreign exchange is constant market price fluctuation. This reflects supply and demand, volatility and other conditions. Having variable spreads that move in direct proportions to the actual market prohibits re-quotes that are often found in fixed spread platforms.In addition, a firm who claims to be a true STP or DMA or in our case SPA firm should offer all traders the same pricing, platform and conflict-free trading environment. It should not be dependent on net worth, or account size.

SPA Model Highlights

  • Pricing from 16 tier1 FX Banks & 4 large non-bank MMs

  • Sub 80ms execution

  • High tick counts

  • No Double Tapping of Providers

  • Conflict free trading, no 'b-book'

  • Tighter Overall Spreads

  • Available to all traders

  • Filter free trading

  • Zero margin hedge Trading

  • No dealing desk

SPA or MPA

Our MPA model is made for strategies that require a higher level of anonymity due to their trading style, and a more unconventional stream of liquidity that is updated frequently to avoid being placed on 'aggressive' pricing feeds, while the SPA is tailored to clients looking for the most consistent pricing, tighter spreads, and higher tick values, as well as larger top of book availability. In other words, scalpers would be happier on our SPA feed and range and channel type strategies, with longer average hold times, will most likely be more happy on our MPA feed.

CONDITIONS

SPA

MPA

minimum deposit

500 USD or equivalent

 500 USD or equivalent

available currency

AUD | EUR | GBP | JPY | USD

AUD | EUR | GBP | JPY | USD

MINIMUM order size

1,000 Units

1,000 Units

MAXIMUM ORDER SIZE

10 mio

Liquidity Dependent

commissions on mt4

25 mio per side

25 mio per side

COMMISSIONS ON CTRADER

30 mio per side

30 mio per side

maximum leverage*

0.25%

0.25%

margin call level

100%

100%

stop out level*

50%

50%

Hedged Margin

NO

50%

LP PRICE FILTERS

NO

SERVER LOCATION

LD4

LD4

LP LOCATIONS

LD4

LD4 | NY4 | HK2

pricing through roll over

AVG top of book liquidity

1M

100k

liquidity providers

20

20+

liquidity type

Banks & Non Bank MMs

ECNs, PoPs, & Aggregators

available pairs

70 FX & Metals

69 FX & Metals & CFD/Oil/Nat Gas

*Accounts trading on leverage higher than 1:200 (0.50%) will have their stop out level moved from 50 to 100% automatically. If you wish to trade on a 50% Stop Out you must choose 1:200 (0.50%) or less when creating your account.