When trading Forex, whether through the dealing desk or no dealing desk execution models, we act as the final counterparty for the transactions. In both models, Xelion Limited gathers bid and ask prices from a range of liquidity providers. The best available quotes are displayed on our platforms after we apply our mark-up, which can vary depending on the liquidity provider and account type. Several factors influence the mark-up, including the liquidity provider’s quote rejection rates, network performance (e.g., latency), liquidity depth, and overall execution quality.

For the Dealing Desk execution model, we may act as the counterparty for some or all currency pairs, while backup liquidity providers are used when we are not the dealer. It’s important to note that the Dealing Desk has a more limited number of liquidity providers compared to the No Dealing Desk (NDD) model.

We cannot guarantee that one execution model will always provide better quotes, prices, or spreads over the other. Clients should carefully consider their trading strategy or method when choosing the most suitable execution type for their needs.