JFD Brokers launches trading MTF for French customers
JFD Brokers launches a solution to trading MTF for French customers
Following the prohibition of the marketing in France of products of leveraged trading that do not offer protection against the negative balance and stops secured, the broker, JFD Brokers has announced the launch of a new Web site for its French clients, offering a tailor-made solution for the French market.
JFD Brokers will now execute all orders of its clients based in France, via a multilateral trading facility (MTF). JFD Broker is now authorized to make its services known in France, because this system is compliant with the new French regulations.
Lars Gottwik, the CEO of JFD, said : “We consider France as one of our main markets and we see great potential in the future. As our business model STP / DMA is very close to an MTF, we already manage the flow of orders through the MTF, we have made the decision to address the whole of the French market via a configuration MTF.”
Very active in France since its creation, JFD Brokers has said that it has conducted a thorough review of the market before to make this movement. The broker now offers instruments to four classes of assets, such as currencies and indices to all French residents.
The goal of the new website is to clearly present all the services and information in French, supported by a team of support to French speaking customers. As a broker 100% STP / DMA, JFD Brokers has always been responsible for a business model rooted in transparency and based on the income of the commissions.
What is a stock exchange MTF ?
MTF (Multilateral Trading Facilities) or SMN (multilateral trading facility) – A stock exchange MTF ensures the meeting between buyers and sellers of financial instruments in accordance with non-discretionary rules. An MTF is not a regulated market, but it operates according to the same rules. The rules of the MTF are transparent and ensure the trading system is fair. The broker guarantees the efficiency of prices and the clearing of the transactions. Compared to a traditional exchange, multilateral trading facilities provide greater discretion, speed of order execution and lower brokerage costs.
Place on a market, MTF, orders are transmitted according to priorities of time and price. The rules for execution of orders are the same to a broker is ECN, but without the “last look” responsible for the slippage. The order book of the MTF is centralized, it accurately represents the available liquidity like the market or future actions. The conflicts of interest between the broker and the trader are non-existent, because the prices are solely determined by supply and demand.