WHY MFP Trading?
MFP Trading leverages high-quality technology, broad credit access to market through top-tier Prime Brokers and a wealth of experience in FX trading to offer premium execution and fully customized solutions which can provide for the most sophisticated trading needs of our clients. Clients have different trading profiles, therefore require different trading solutions and each setup has advantages and drawbacks.
Interbank platforms or MTFs do not have ‘last look’ liquidity, have wider spreads and participants with sub-par infrastructures and are likely to miss prices when it matters. Single bank portals offer tight pricing and their customers can benefit from price skews due to banks natural order flow, however banks also protect themselves from predatory behaviour with last look. ECNs are a maze of interest only and last look streams which submerge customers with market data leading to poor fill ratios if not appropriately managed. Buy-side high-frequency market makers can offer aggressive trading conditions and rebates but have small balance sheets and as a result, cannot handle large orders well.
Consider as well that each counterparty needs to assess:
- whether to trade on ESP streaming prices or via full amount with RFQ/RFS?
- which centre to connect to given where trades initiate from?
- where to find the most liquidity for specific traded instruments?
- or whether to direct flow exclusively to one market maker to maximize business profitability?
All these questions are just a few examples of essential factors complicating the equation.
Between flexible technology, top tier credit access to market and a team with expertise in the field, MFP Trading has put together a toolkit at its disposal to find the perfect setup for each clients’ unique situation.
