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 89% 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 – 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.
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 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.