Hello Traders,
Boston Technologies has issued a report for individuals interested in starting their own foreign exchange brokerage company. I have read it and found it interesting for me personally as a retail trader, therefore I would like to share it with you. It includes information about technology, regulation and how brokers can conduct business with us, the traders.
The most interesting quote from this report:
So, what they are saying is: If you possess a working desk brokerage company, trade against the new traders, that will most likely lose, but cope with the knowledgeable traders through STP.Originally Posted by ;
Dealing desks have the option to direct the customer order to the liquidity providers, so if they want to keep the knowledgeable traders, they'll do it for them and make a living from the spread only.
While they still trade knowingly against the unexperienced traders, which trading account typically don't last longer than 2-3 months.
Enjoy reading the report.
https://www.forexforum.co.za/attachm...699252764829.1