Global Prime believes in greater transparency between brokers and their clients.
For Global Prime, this means explaining exactly how we make money, how trades are executed and with whom, so traders can make an informed decision about whether or not they want to do business with us.
|Asset Class||Commissions||Spreads||Swaps & Financing||B-book (trader losses)|
Our list of non-banks can be found in the trading counterparties section of our best execution page.
See bottom of page for full disclosure on non-bank spread earnings.
While this information doesn’t form part of our client agreement, this is information that we expect to be held to account to, and which we are always happy to verify, as all brokers should.
Global Prime believes that to do the above would be detrimental to best execution efforts, unethical, and a conflict of interest between a traders bottom line and the brokers.
If a broker wants to operate on these grounds, then it should be disclosed.
An ECN/STP/NDD broker should not have relationships that seek to benefit from trading losses, either directly or indirectly through some third party relationship.
Brokers that wish to have such relationships should disclose it and not hide behind opaque language and ambiguous terms to disguise what's really happening behind the scenes.
Proprietary trading creates a conflict of interest that a broker may have when acting as principal versus its clients.
This may include, but is not limited to, the misuse of client orders, positions and other information, along with the increase in the amount of risk on the balance sheet that could result in a lack of security of client funds if the broker were to fail.