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Back to Glossary
Broker & Execution

A-Book

An A-Book broker routes all client orders directly to external liquidity providers without taking the opposite side of the trade. The broker earns revenue from spreads or commissions, not from client losses. This eliminates the conflict of interest found in B-Book models and is also referred to as agency execution.

Example

When you buy 1 lot of EUR/USD through an A-Book broker like GCC Brokers, your order is passed straight to a liquidity provider who fills it at the current market price. The broker has no financial stake in whether your trade wins or loses.

Related Terms

B-BookDealing DeskECN (Electronic Communication Network)LiquiditySTP (Straight-Through Processing)

Learn More

FAQ — A-Book ExecutionAbout GCC Brokers

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