1. Introduction
This policy describes how GCC Brokers Limited ("the Company") executes client orders. The Company operates a Straight Through Processing (STP) model, routing all client orders directly to liquidity providers without internal dealing desk intervention.
2. Execution Model
The Company operates on a full A-Book STP basis:
- All client orders are routed directly to external liquidity providers.
- The Company does not take the opposite side of client trades.
- The Company does not operate a dealing desk.
- Profitable trading strategies are not restricted, re-quoted, or subject to asymmetric execution.
3. Execution Venues
Client orders are executed through one or more of the following venue types:
- Tier-1 banking institutions
- Non-bank electronic market makers
- Prime liquidity aggregators
The Company aggregates liquidity from multiple sources to ensure competitive pricing and stable execution depth.
4. Order Types
The following order types are supported:
- Market Orders — Executed at the best available price at the time of execution.
- Limit Orders — Executed at the specified price or better.
- Stop Orders — Triggered when the market reaches the specified price.
- Stop Limit Orders — Combines stop and limit order functionality.
5. Slippage
Orders may be subject to slippage — both positive and negative. Slippage occurs when the price at the time of execution differs from the price at the time of order submission. The Company does not apply asymmetric slippage settings.
6. Execution Speed
The Company maintains low-latency infrastructure designed to execute orders efficiently. Average execution time is approximately 25 milliseconds. Execution speed reflects real market liquidity availability and depth.
7. Partial Fills
In conditions of limited liquidity, orders may be partially filled at the available price, with the remaining portion filled at subsequent available prices.
8. Best Execution
The Company takes all reasonable steps to obtain the best possible result for clients, taking into account price, costs, speed, likelihood of execution and settlement, size, nature, and any other relevant consideration.
9. Review
This policy is reviewed at least annually and updated when material changes to our execution arrangements occur.
10. Contact
For questions regarding order execution, contact [email protected].