Uploaded by: prabhu
on Mon, 04 Nov 2013 16:55:19 IST
STP stands for Straight through Processing. These brokers pass the orders directly to the liquidi... Show more
STP stands for Straight through Processing. These brokers pass the orders directly to the liquidity providers. When the client gives then an order to process, they, as their name suggests, process the orders directly to the liquidity providers which may include a Bank, a Hedge Fund, Investment corporations or another broker. The trades won’t have any intermediary body involved. They do not filter the orders through an intermediate Dealing Desk. This absence of the dealing desk makes the broker’s platform an STP one.
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