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Execution transparency

Transparent A-Book / STP Execution

KFX's brokerage model is designed around A-Book/STP execution, where client orders are routed for external execution through designated liquidity and execution arrangements.

How the intended model works

Order submission

Clients submit orders through an available KFX trading platform.

External routing

The intended A-Book/STP model routes orders through designated liquidity and execution arrangements.

Execution controls

Pricing, fills, slippage, rejection, and market conditions are addressed by the applicable execution policy.

Verified counterparties

Names and arrangements are published only when supported by KFX agreements.

This description does not claim 100% A-Book execution. The final execution policy must reflect KFX's actual live infrastructure, counterparties, and agreements.

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