Forex

As of today, 99 % of all FXCM clients are trading with No Dealing Desk execution;

This change affects almost 90,000 individual trading accounts, in what may be the largest move to the No Dealing Desk model in the history of currency trading;

The No Dealing Desk model eliminates the potential conflict of interest between broker and client; all prices for FXCM�s No Dealing Desk execution are provided by 6 of the world�s largest banks.

As of June 10th, FXCM had improved No Dealing Desk Execution by introducing �At Best Price� order selection, enabling clients to get orders filled under all market conditions.

increase from 6 to 9 in coming weeks. FXCM believes this will lead to consistently lower spreads. Spreads have already decreased in 13 currency pairs since the introduction of No Dealing Desk execution.

The announcements were made by Drew Niv, CEO of the global currency trading firm.

In February of this year, 95% of our direct clients were transferred to No Dealing Desk trade execution,� said Niv. �Now, nearly all our clients both direct and Introducing Broker clients are using the new system.�

All our clients can now trade on rates provided by six of the world�s largest banks, who compete to offer the best prices � frequently two pip spreads. We are presently negotiating to add as many as three more global banks, as we focus on obtaining the lowest possible trading rates for our clients.�

In effect, we have now ended our dealing desk trading system, thereby removing any possible conflict of interest. With many other forex brokers, a client�s losses might be linked to a broker�s gains. FXCM hopes others follow our example to put the client�s interest first.� said Niv.