Trading

ICE Markets operates a 100% A-book model, hedging all trades with external counterparties. The company has no conflict of interest with clients and it is not interested in clients' losses, since it earns only from transaction commissions paid.

InterbankIntermediaries (LPs) 1st and next levelsСLIENT’S PROFITCLIENT’S LOSSA-bookClientBrokerB-bookСLIENT'S PROFITCLIENT'S LOSSClientBrokerConflict of interestsDeterioration of execution of trading ordersImplementation of trading limitsCancelation of profitable tradesRefusal in paying profits

100% A-book model

Hedging 100% of clients positions and confirming this to any client by demonstrating back-office online.

ICE Markets operates a 100% A-book model, hedging all client positions with external counterparties. Any client can request for online demonstration of the orders executed by them with counterparties in the company's back office.

Advantages of a 100% A-book model
No conflict of interest

For B-book and "mixed" models, the company acts as a counterparty to the client's transactions, and the customer's earnings become the company's losses and vice versa.

An A-book model completely eliminates conflict of interests between the company and clients – ICE Markets does not act as counterparty to the client's transactions and is not interested in their losses.

No bankruptcy risk

For B-book and "mixed" models, the company bears additional risks, as it acts as a counterparty to the client's transactions, and the client's earnings become the company's losses and vice versa.

This reason has pushed quite a large number of companies into bankruptcy due to the very large amount earned by customers in a short period of time.

ICE Markets does not bear these bankruptcy risks because it does not act as counterparty to clients' transactions.

Note!
  • During bank rollover – from 23:50 to 00:05 (EET time) – liquidity reduces, and the spread and processing time of client orders may increase.
  • When transferring orders across all groups of instruments from Wednesday to Thursday, swap is charged at a triple rate.

ICE Markets provides customers with liquidity, aggregated from several counterparties. This gives a number of advantages: customers always receive the best prices, they are protected against low-quality order execution by a counterparty, and are completely anonymous to him.

Client 1 Client 2 Client 3 Client 4 ... Client n
Counterparty 1 Counterparty 2 ... Counterparty n

Advantages of Liquidity Aggregation

Single counterparty
Pool of counterparties
(liquidity aggregation)
Can select a counterparty for hedging
No
Counterparty's price

There is no opportunity to choose the best price. There is need to execute an order at the price of a single counterparty.

No protection against non-market quotes

If a counterparty offers an off-market price (pin), the stop order will be activated by this quote and the client will incur additional losses.

No protection against low-quality execution

There is high probability that an order will be executed with large slippage, delay and other low-quality execution attributes.

No protection against force majeure

There is no way to avoid force majeure events: loss in communication with the counterparty, no flow of quotes, etc.

Yes
Best prices

Counterparties offer different prices. The aggregator allows you to choose the best of the proposed prices.

Protection against non-market quotes

If the counterparty offers a non-market quote (pin), the stop order will not be activated by this quote.

Protection against low-quality execution

The likelihood of execution with large slippage, delay and other low-quality execution attributes is minimized.

Protection against force majeure

In the event of any force majeure (loss in communication with the counterparty, no flow of quotes, etc.), the order in question will be executed by another counterparty.

The customer is anonymous to the final counterparty
No
Possible deterioration in trading conditions

The counterparty receives the orders of each client in a personalized manner, and can worsen execution individually for individual clients trading profitably.

Yes
Trading conditions cannot get worse

The counterparty receives client orders anonymously, and cannot determine which of the clients is trading profitably or unprofitably, and so cannot worsen execution on an individual basis.

Note!
  • During bank rollover – from 23:50 to 00:05 (EET time) – liquidity reduces, and the spread and processing time of client orders may increase.
  • When transferring orders across all groups of instruments from Wednesday to Thursday, swap is charged at a triple rate.