Baxia operates as a Straight Through Process Broker (STP). An STP broker does not have a dealing desk, this means that the orders a customer opens in his trading platform go directly to our liquidity providers for processing. In this type of processing, Baxia only connects traders with the liquidity providers, orders are executed at the bid or ask price rate that these providers offer.
Baxia offers deep pool liquidity formed from a variety of LP’s (liquidity providers), including the interbank markets. Our system sends the order to these providers and they fill the client’s order at the best available price which ensures that you get the best possible rate from our LP’s pool at the moment you place your order.