A trade that is “A-Booked” is sometimes associated with being “STP’ed” or simply “STP”.
Forex brokers may use them interchangeably in their marketing but they are NOT the same thing.
It’s important to distinguish between the two concepts.
- STP is known as “pre-trade hedging”.
- A-Book is known as “post-trade hedging”.
Does that mean only ECN Brokers are A-Booked, since STP is different and Market Makers have their own system too?