Direct Market Access - Guaranteed ASX Prices - No re-quotes - no widened
spreads
Futures are Exchange Traded Markets and as such we route your orders directly
to the relevant futures Exchanges where they are executed at the best possible
price. CFDs (on shares and ETFs) are over the counter products which can be
traded with two different models. In the Market Maker Model the broker provides
a buy and a sell price which is derived from the cash price (the stock price
you see on the relevant stock exchange such as the ASX) but which can be quite
different. Often the spread (difference between buy and sell price) is wider
than what the trader sees on the cash market resulting in larger dealing costs
for the client. Also, market makers often change their quotes to the trader's
disadvantage if the trader wants to execute a trade.
At TradingPro we are interested in a long term relationship with the client and
as such have opted to provide the Direct Market Access Model to our clients. As
such we will execute all clients' orders at exactly the same price as the
client would receive in the underlying cash market. The relevant price you see
for example on the ASX screen is the price you will get in executing an order
with us. We will not re-quote and widen the spread.