When trading Forex on both execution models – dealing desk and no dealing desk, we are the final counterparty to the transactions. For both execution models The Celestial Trade collects the bid and ask prices from a pool of liquidity providers. The best available bid and ask quotes are given on our platforms after our mark-up has been implemented. The mark-up may be different, depending on the liquidity provider and the account type. Many factors are considered when deciding the mark-up, such as the rejection rates of the quote of the liquidity provider, the network performance (e.g., latency), depth of liquidity, and the general execution quality. For the Dealing Desk execution model we can play the role of some or all currency pairs. Back up liquidity providers are also available, and they appear in the cases we do not act as the dealer. Please have in mind that the Dealing Desk uses a limited number of liquidity providers than the No Dealing Desk (NDD) execution option.

We cannot guarantee that the quotes, the prices, or the spreads will always be better on one form of execution compared to the other. The client must be in the position to identify the factors when choosing the execution type, which is appropriate for their needs (e.g., trading method or strategy).