oussama94
05-28-2017, 18:53
In general, a shorter trade
process minimizes errors. Online currency trading is typically a three-step
process. A trader would place an order on the platform, the ** dealing
desk would automatically execute it electronically, and the order confirmation
would be posted or logged on the trader’s trading station. Typically,
these three steps would be completed in a matter of seconds. For an equities
trade, on the other hand, there is generally a five-step process. The
client would call his or her broker to place an order, the broker sends the
order to the exchange floor, the specialist on the floor tries to match up
orders (the broker competes with other brokers to get the best fill for the
client), the specialist executes the trade, and the client receives a confirmation
from the broker. As a result, in currency trades the elimination of a
middleman minimizes the error rates and increases the efficiency of each
transaction
process minimizes errors. Online currency trading is typically a three-step
process. A trader would place an order on the platform, the ** dealing
desk would automatically execute it electronically, and the order confirmation
would be posted or logged on the trader’s trading station. Typically,
these three steps would be completed in a matter of seconds. For an equities
trade, on the other hand, there is generally a five-step process. The
client would call his or her broker to place an order, the broker sends the
order to the exchange floor, the specialist on the floor tries to match up
orders (the broker competes with other brokers to get the best fill for the
client), the specialist executes the trade, and the client receives a confirmation
from the broker. As a result, in currency trades the elimination of a
middleman minimizes the error rates and increases the efficiency of each
transaction