Is It Good Or Bad Synergy FX Offering Hybrid Execution?
One of the Australian forex broker “Synergy FX” recently launched “Hybrid Execution” trading account, which they call as SynergyHybrid ECN. They are using word “Hybrid” because it uses the advantages of a B-book broker model with an addon risk with A-book practices to send trade flow to the interbank market.
This is something new and might cause a lot of interest to the Forex traders. We need to see how investors react and whether they opt for it or not.
As per Synergy FX this new account type makes use of superior technology, proprietary risk algorithms, and market insight, which enables it to take on and manage certain portions of client volume internally.
It is worth noting that the recent SNB shock caused a lot of panic, and this move from the Synergy FX might be a new strategy to deal with such situations.