Capital Sands Liquidity Providers At the heart of Capital Sands business is our commitment to offer clients competitive spreads and Enhanced Execution. Enhanced Execution means no re-quotes, no stop/limit restrictions, and up to 88% of orders are executed at the requested price or better.1 Learn More
WHO ARE CAPITAL SANDS FX LIQUIDITY PROVIDERS AND PRIME BROKERS?
Capital Sands liquidity providers include global banks, financial institutions and other market makers. Capital Sands Group currently has a number of liquidity providers, including but not limited to: – Barclays Bank, PLC – Citadel Securities LLC – Citibank N.A. – Deutsche Bank AG – FAST MATCH INC – XTX Markets Limited – UBS AG – Morgan Stanley & Co., LLC – and Jefferies Financial Services, Inc. Capital Sands also has a number of Liquidity providers that stream pricing through the FastMatch Electronic Communication Network. Capital Sands Prime Brokers include Citibank N.A. and Jefferies Financial Services, Inc.
HOW DO LIQUIDITY PROVIDERS COMPETE?
Each liquidity provider streams through a direct feed of executable buy and sell prices to Capital Sands. Capital Sands Price Engine selects the best buy price and the best sell price, which result in the best available spread. Capital Sands spreads are transparent and some of the lowest in the industry. Capital Sands is the counterparty to all trades that a client undertakes. In no way does a liquidity provider act as the manufacturer or counterparty in the context of any transaction with a client. Liquidity providers are also ranked by their order rejection rate, spreads, and latency. Capital Sands constantly evaluates and monitors the ranking of our liquidity providers and takes any appropriate actions if necessary aiming to provide best available price to our clients. Through assessing our liquidity providers’ execution performance together with our internal risk management framework, Capital Sands may; offset the trade directly and immediately with external counterparties, match the trade against that of another client, batch and offset multiple trades in blocks, or chose to hold the other side of the trade. By holding ourselves and our liquidity providers to such high standards, we strive to provide the best possible customer experience.
WHAT DO LIQUIDITY PROVIDERS SEE?
When a trader places an order and if Capital Sands chooses to hedge the positions immediately with liquidity provider(s), an exact matching order is sent from Capital Sands to the liquidity provider that is providing the best price. For example, a buy order in the example above would go to liquidity provider #2. To the liquidity provider, all orders appear as Market Orders from Capital Sands and contain no information about the trader. Since your stops, limits, and your entry orders are invisible to these price providers, we create an environment free of price manipulation. When we combine this with no re-quote trading you have the opportunity to confidently trade all market conditions, even during key news events.