From their webpage: http://fxtrade.oanda.com/about/about_fxtrade.shtml
Until now, I've always thought this matching engine was how all dd's operated, with net exposure hedged with banks.
So is this telling me that Oanda will ALWAYS take on your trade, so it means better liquidity (non-news/political blah blah/weekend)?
QuoteDislikedOur proprietary FXTrade Platform is a fully automated trading platform in which we play the role of market-maker. Our platform is not an auctioning system in which a trader must request a price from a pricing source and then make a buy/sell decision based on the quote offered. Nor is it a matching engine where a trade is executed only if both sides of the trade can be filled at the time of the buy/sell request.
So is this telling me that Oanda will ALWAYS take on your trade, so it means better liquidity (non-news/political blah blah/weekend)?