Electronic Direct Trading
a.k.a. Single-dealer platform
Trading currencies electronically straight with one bank, through that bank's own platform or price feed.
In plain English
Trading currencies electronically straight with one bank, through that bank's own platform or price feed.
In electronic direct trading, a client connects to a single bank's platform and trades on its prices. The bank is the only counterparty.
It is the electronic replacement for phoning your bank's dealer. Compare electronic indirect trading, where many dealers compete on one venue.
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