Mulligan IB provides clients with liquidity aggregated from several counterparties, which provides a number of advantages:clients always get the best prices, are protected from poor order execution by the counterparty, and are completely anonymous to the counterparty.
An aggregator developed by Itransition works on STP accounts.
An aggregator developed by Softwire works on ECN accounts.
No possibility to choose the best price. The need to execute the order at the price of a single counterparty.
If the counterparty has a non-market quote (hairpin), the stop order will be activated by this quote and the client will incur additional losses.
High probability of order execution with high slippage, delay and other attributes of poor execution.
There is no way to bypass force majeure situations: breakdown of communication with the counterparty, lack of quotes flow, etc.
Prices vary from counterparty to counterparty. The aggregator allows you to choose the best price offered.
If the counterparty has a non-market quote (hairpin), the stop order will not be activated by this quote.
Minimizes the probability of order execution with high slippage, delay, and other attributes of poor execution.
In the event of any force majeure: breakage of communication with the counterparty, lack of quotes flow, etc., the order
will be executed with another counterparty.
The counterparty receives each client's order personally, and may impair the execution individually to individual clients who trade profitably.
The counterparty receives clients' orders anonymously, and can not determine which of the clients trades profitably or unprofitable,and deteriorate the performance individually.