Electronic Communication Network (ECN) is an electronic trading system which allows traders to avoid intermediaries and connect directly to the major brokerages when placing a trade. Quotes from the largest market-makers instantly come to the terminal and market changes appear immediately. The system provides trades with fast order execution, low spreads and high liquidity. With a ECN account you can trade in 24/5 mode.
Advantage of ECN over conventional systems lies in the absence of intermediaries. It provides ECN-traders with perfect order execution, significant difference in spreads and high liquidity. Moreover, trade 24/5 is available with ECN.
Who is Interested in ECN Accounts?
ECN accounts are perfect for traders who trade on news, scalpers and automatic trading system users. Trade with low spreads, high volatility and no requotes.
Professionals appreciate these advantages for active and flexible trading.