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FXCM UK’s retail forex order execution – better than CME, EBS and Reuters
FXCM UK has recently published a study on its website that examines the quality of its retail order execution. The broker claims that its retail clients’ orders received better execution, in terms of prices, than futures or interbank markets. In order to illustrate its attractive pricing, FXCM UK uses a fiction: its prices for retail clients are compared to the ones which would be offered if they chose to be market takers in the same venues where banks and HFTs are market takers. The ECNs compared in the study are the leading forex market trading venues – Chicago Mercantile Exchange (CME), EBS and Reuters. Here ... (full story)
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