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Friedberg Direct Liquidity Providers

At the heart of Friedberg Direct's business is our commitment to offer clients competitive spreads and Enhanced Execution. Enhanced Execution means no re-quotes, no stop/limit restrictions, and up to 88% of orders are executed at the requested price or better.1

Who Are Friedberg Direct's FX Liquidity Providers and Prime Brokers?

Friedberg Direct's liquidity providers include global banks, financial institutions and other market makers. Friedberg Direct Group currently has a number of liquidity providers, including but not limited to: – Barclays Bank, PLC – Citadel Securities LLC – Citibank N.A. – Deutsche Bank AG – FASTMATCH INC – XTX Markets Limited – UBS AG – Morgan Stanley & Co., LLC – Commerzbank – and Jefferies Financial Services, Inc. Friedberg Direct also has a number of Liquidity providers that stream pricing through the FastMatch Electronic Communication Network. Friedberg Direct's Prime Brokers include Citibank N.A. and Jefferies Financial Services, Inc.

Liquidity Providers Logo Group

Liquidity Providers Logo Group Mobile

How Do Liquidity Providers Compete?

Each liquidity provider streams through a direct feed of executable buy and sell prices to Friedberg Direct. Friedberg Direct's Price Engine selects the best buy price and the best sell price, which result in the best available spread. Friedberg Direct's spreads are transparent and some of the lowest in the industry. Friedberg Direct is the counterparty to all trades that a client undertakes. In no way does a liquidity provider act as the manufacturer or counterparty in the context of any transaction with a client.

Liquidity Providers Competition

Liquidity Providers Competition

Liquidity Providers Competition

Liquidity providers are also ranked by their order rejection rate, spreads, and latency. Friedberg Direct constantly evaluates and monitors the ranking of our liquidity providers and takes any appropriate actions if necessary aiming to provide best available price to our clients. Through assessing our liquidity providers' execution performance together with our internal risk management framework, Friedberg Direct may; offset the trade directly and immediately with external counterparties, match the trade against that of another client, batch and offset multiple trades in blocks, or chose to hold the other side of the trade. By holding ourselves and our liquidity providers to such high standards, we strive to provide the best possible customer experience.

What Do Liquidity Providers See?

When a trader places an order and if Friedberg Direct chooses to hedge the positions immediately with liquidity provider(s), an exact matching order is sent from Friedberg Direct 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 Friedberg Direct 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.

Disclosure
1

As per the October 2020 Slippage Statistics Report

Execution Disclaimer: Friedberg Direct is your counterparty to every transaction. Friedberg Direct aggregates bid and ask prices from a pool of liquidity providers and is the final counterparty when trading forex/CFD on Friedberg Direct's trading platform. Note: Contractual relationships with liquidity providers are consolidated through the Friedberg Direct Group, which, in turn, provides technology and pricing to the group affiliate entities.

FXCM uses Jefferies Financial Services Inc (JFSI) as a prime broker for FX trading and as a liquidity provider for FX trading. FXCM pays JFSI a prime broker fee for the prime broker services. Leucadia Investments has become the majority economic owner of FXCM. Leucadia Investments and JFSI are both part of Jefferies Financial Group.

Order Execution Only

Order Execution Only

Regulatory Documents:
IIROC Brochure: How Can I Get My Money Back, How IIROC Protects Investors, IIROC Complaints Brochure, CIPF Brochure, CIPF Coverage Policy

The relationship between Friedberg Direct and FXCM was formed with the purpose to allow Canadian residents access to FXCM's suite of products, while maintaining their accounts with a regulated Canadian firm. All accounts are opened by and held with Friedberg Direct, a division of Friedberg Mercantile Group Ltd., a member of the Investment Industry Regulatory Organization of Canada (IIROC). Friedberg customer accounts are protected by the Canadian Investor Protection Fund within specified limits. A brochure describing the nature and limits of coverage is available upon request or at www.cipf.ca.