GTMMarket – what we know and have as facts about; GTMMarket is a brand name of Global Transaction Market LLC, which is authorized and regulated by the St. Vincent’s Financial Services Authority (FSA) under register number 162LLC2019. This license allows it to conduct various financial services, including receiving, transmitting, and executing customer orders.
GTMMarket claims it executes orders through the Straight Through Processing (STP) model. We have found in the General Terms document that GTMMarket deals as principal and not as an agent and it is the counterparty to all client deals. The company is the only Execution Venue for the client orders. That means that GTMMarket may act as a market maker. However, we also found that a client order only becomes effective after the company has executed its hedge transactions on an External Execution Venue and the client has confirmed the price. This means the company transmits each deal to the liquidity providers and acts as an STP (Straight Through Processing) broker, benefitting only from the spread markups and commissions. In general, GTMMarket acts as an STP broker, but can also act as a market maker according to the General Terms and Conditions document.
So far, we have not received any complaints from customers of GTMMarket. If you have any criticism to share with us or feel annoyed by GTMMarket, please fill in the form below, detailing your case. Once we have made your case public, we may attempt to mediate between you and GTMMarket if you wish.