Tag

#Prime of Prime

25articles

Your LP Agreement Isn’t ‘Standard’: 4 Clauses That Quietly Reprice Your Execution

Liquidity terms can silently shift risk and costs onto brokers. Here are four overlooked clauses—indemnities, data usage, A-book proof, and emergency spread rights—and how to negotiate them.

April 19, 20267 min2,246

Priya Desai

Why Your Crypto CFD Spreads Don’t Match Spot: The Liquidity Plumbing Brokers Must Design For

Crypto CFDs and spot crypto run on different liquidity rails. Learn how market structure impacts spreads, slippage, and hedging—and what to build into your broker or prop execution stack.

April 19, 20266 min3,894

David Kovač

The LP Contract Red Flags That Quietly Kill Your Execution (and How to Negotiate Them)

A broker-friendly checklist for negotiating liquidity agreements: credit limits, margining, last look, and termination clauses—so your execution stays stable as volume grows.

April 19, 20266 min2,213

Noman Chaudhary

Last Look Without the Guesswork: How to Audit FX Hold Times, Reject Codes, and LP Behavior

Last look can protect LPs—but it can also quietly drain broker execution quality. Learn how hold times and reject codes work, what to measure, and how to monitor LP behavior in production.

April 19, 20267 min2,410

Priya Desai

The LP Due Diligence Playbook: 25 Questions That Prevent Pricing & Execution Surprises

A practical due diligence checklist for assessing liquidity providers—pricing, last look, reject logic, credit terms, and support—before you sign.

April 18, 202613 min2,384

Thomas Mueller

Bank LP, Non-Bank Market Maker, or ECN? The Execution-Venue Choice That Quietly Drives Client Disputes

Execution venue decisions shape slippage, rejects, and trade amendments—often triggering disputes. Learn how venue models change evidencing, controls, and complaint exposure.

April 18, 202615 min2,282

Aisha Rahman

Multi-Asset Liquidity Bridging Without Surprises: Session Calendars, Corporate Actions, and Price Source Design

Learn how to run a resilient multi-asset liquidity bridge across FX, indices, and commodities—covering session times, corporate actions, and pricing source strategy.

March 21, 202614 min3,962

Thomas Mueller

Swap & Rollover Liquidity: A Complete Guide to LP Funding Rates, Tom/Next, and Cutoffs

Learn how LP funding rates, Tom/Next rollovers, and broker cutoffs translate into client swap charges—and where operational errors create P&L and disputes.

March 14, 202614 min4,040

Sofía Mendes

Beyond the Top of Book: A Broker’s Guide to DoM, L1/L2 Feeds, and Hidden Liquidity Traps

Learn how brokers and prop firms interpret L1/L2 depth, build aggregated order books, and manage ‘fake depth’ risks in pricing, execution, and risk.

March 14, 202615 min3,636

Thomas Mueller

Liquidity Provider Tiers Explained (Bank, Non‑Bank, PoP, ECN): What Brokers Actually Get

Learn how bank, non-bank, Prime of Prime, and ECN liquidity differ in pricing, depth, last look, credit, and integration—plus what brokers truly receive.

March 12, 202619 min4,055

Sofía Mendes

STP, Market Maker, or Hybrid? A Practical Framework to Match Execution to Your Client Mix

A practical decision framework to choose STP, market maker, or hybrid execution based on client behavior, risk limits, costs, and regulatory constraints.

March 12, 202614 min3,509

Thomas Mueller

Execution Quality Scorecards for FX Brokers: Metrics, Benchmarks, and a Reporting Template

Learn how to measure FX execution quality using slippage, requotes, fill ratios, and latency—plus a broker-ready reporting template you can operationalize.

March 12, 202614 min4,623

Sofía Mendes