Trade receipts promote the removal of conflicts of interests between brokers and their clients through ethical and transparent dealing models.
Next time you are on a LiveChat with a broker ask them why they don’t offer trade receipts. The Operator will probably need time to source a contrived and well thought out answer from their supervisor. But by the time they come back to you, you’ll already have your answer.
Trade receipts enable clients to query vital trade information directly from within the client portal. A trade receipt reveals all aspects of the trade such as the fill price, execution speed, slippage and importantly, which liquidity provider filled the trade. Clients can also view a tick and spread chart at the bottom of the receipt, providing deeper insight into the level of market liquidity across our liquidity providers at the time of the trade. Ultimately, trade receipts enable total post trade transparency and verification of the details that you care about the most.
In an industry that is filled with brokers who internalise trades and offer no forms of post trade transparency, GP strives to be the benchmark in terms of complete post-trade transparency by enabling you to see the information that you care about most, on demand. It is very easy to make claims with respect to honesty and transparency but trade receipts enable independent verification of our model and values. This feature enables you to be in complete control of your trading information and serves to ensure that you can focus on your trading and not your broker.
Further, having access to this information present on trades receipts on demand enables you to gain unique insight into your trades and can be used to inform trading decisions.
Yes. You can see the total state of the order book at the time of your trade which enables you to see the market depth at the time of your trades. You can also see which LP’s were pricing and the particular quantities available at each tier of liquidity.
You can query trade receipts for any positions via the client portal, select the ‘Trade Receipts’ tab and your positions will be visible.