Pursuant to my earlier message ‘What is the point of a ‘Stop’ . . .’ I need to ask this question:
I have had a look around for some non-dealing desk brokers and found a couple.
My question is: Why do ANY of us use dealing desk brokers? Why don’t we ALL use non-dealing desk brokers?
I mean to say it really does not look like brokers work for us (not my current one at least) - it seems that they work against us.
What I am trying to find out is what are the pro’s and con’s of using a non-dealing desk broker as opposed to a dealing desk broker?
Just for clarity sake I am assuming (from my limited knowledge) that a non-dealing desk broker has a direct connection to the banks or whatever.
If this is not the case then can someone please tell me what type of system you need in place to have a direct connection to the banks or something like that i.e. NO PEOPLE INVOLVED to make decisions on your behalf i.e. DIRECT LINK BETWEEN MY TRADING PLATFORM AND THE BANKS?