Execution
Our one click
dealing allows clients to deal directly from
real time, streaming quotes. The operation ensures
the fastest execution among ANY online Forex
platform. Normal execution times are within
seconds, which eliminates the slippage and re-quoting
so common at other firms.
LGL's
trading platform is completely anonymous.
LGL publishes one bid/offer to the client
base and allows any client to deal on the
available price. There is no manipulation
of prices to different clients.
Dealing Spreads
LGL is
committed to offering competitive dealing spreads.
At the same time, due to our unique dealing
practice of allowing clients to deal directly
from live quotes, our spreads always accurately
reflect available Interbank liquidity.
All online FX brokers must source liquidity
from the interbank market, and dealing spreads
should always reflect available market liquidity.
Firms that always offer extremely narrow dealing
spreads are likely compensating the disparity
between their spreads and the current available
Interbank rates through re-quotes.
Liquidity
LGL:
Consistent liquidity under all market conditions
As a market maker, LGL's responsibility
is to provide liquidity and act as the counterpart
to our clients' transactions. Even in fast moving
markets, we consistently make tight, aggressive
prices on trades from $100,000 to $10,000,000
or more. You can always deal directly from our
published bid/ask quotes, and normal execution
times are sub one-second.
Others:
Barriers to exit
Overall, the liquidity of the FX market is
far superior to that of other financial markets.
However, in times of high market volatility,
liquidity can be a concern for forex traders.
FX matching
systems (ECN's) cannot match the liquidity
available on LGL's platform. Users of
a matching system must rely on other users
to provide liquidity to the system - to accept
your offer to buy or sell. A trader using
a matching system not only has to worry about
getting a bad fill in times of market volatility,
but also about there being sufficient resting
orders to easily get out of a position.
During normal
market conditions this may not have any significant
impact on your profit potential. However,
in times of market volatility there is a real
possibility that you will not be able to open
or close a position before the market moves
against you.
Leverage
LGL facilitates
client with high leverage ranging 1% to 2%.
However trading at high leverage always carry
a higher risk, clients are advised to trade
on their own financial capability.
Interest
LGL:
Interest paid on all client funds
Client funds maintained in a non-segregated
account earn interest on deposited funds not
used as posted margin - regardless of account
size or trading activity. Furthermore, LGL
pays interest via overnight roll points when
you should be earning it. And when the currency
pair order of a trade requires you to pay overnight
interest, LGL will make tight, aggressive
overnight roll spreads.
Others:
Caveats
Many firms will only pay interest once a client's
account reaches a certain size (for some this
can be as much as $50,000). Another common
practice is a rollover policy whereby the
client always pays forward points on an overnight
roll, even if they are long the higher-yielding
currency and should be earning interest on
the roll.
Management
LGL's
senior management is a group of highly respected
investment professionals, with an average of
18 years capital markets experience and expertise
in both financial and Internet technologies.
LGL's trading team is an equally prestigious
group, with an average 15 years of experience
trading forex at well-respected firms.
The experience
of this group is essential to managing both
a rapidly growing business as well as a 24-hour
trading operation that executes billions of
dollars in transactions each month.
*LGL performs
tests for execution time. We measure the time
from an order was submitted until the order
was filled and confirmed online. On average,
the time taken for execution is in a fraction
of a second.
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