“In an effort to demonstrate our no-nonsense approach to the institutional FX market with our best of breed technology, PrimeXM is announcing a No Out-Trade Assurance. Going forward, any client of PrimeXM who experiences even a single out trade processed by our bridge will not be charged bridge fees for the entire month of that trade – and yes, we will put it in writing.”
I discussed this with Prime XM’s people and this is what they had to say: we noticed that with many bridges often miss trades (trades get lost, do not occur, etc) therefore they believe that this never happens with their bridge and are able to offer this promotion. From my understanding a ‘lost trade’ is when a bridge shows a price that a client tries to execute and after confirming the price again with the LP the deal is not executed for some reason.
Pros and Cons of Being a BrokerGo to article >>