What Is STP Broker?
STP (Straight-Through Processing) Forex Brokers are brokers that route traders’ orders directly to the market without dealing desk intervention (Check Non Dealing desk brokers) meaning straight to the liquidity providers the market is consistent with and the ones particular broker cooperating with.
Typically, an STP broker has many liquidity providers, either bank, hedge funds, or larger brokers generating their own bid and ask price. However, it’s still an option to execute through one liquidity provider, as some brokers practice that as a result brings a deeper liquidity pool. Read more about STP via Wikipedia.