Straight-Through Processing (STP) brokerage firms are also known as Direct Market Access (DMA) brokers. These brokers give their traders direct access to the interbank FX market, where pricing and execution is done by the big banks acting as the liquidity providers. Their product offering is tailored mostly to professional traders who have the experience and liquidity to match the large volumes of trade that are performed at the interbank level. You need a much bigger wad of capital to get involved this way.
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