Forex ECN trading by Atiora
ECN really is a modern future for the currency markets. ECN can be best described as a bridge connecting the small market participants with Level 1 liquidity providers through ECN FOREX broker. This communication is carried out with the help of sophisticated technology called FIX protocol (FIX – financial information exchange protocol).
At one end, the broker obtains liquidity from tier-1 liquidity providers (major banks) and makes it available for trading for its clients. On the other hand, the broker takes customer orders to liquidity providers for execution. ECN broker receives a commission for transactions derived the interbank level. The higher trading volume broker clients generate, the higher profitability of the broker.
The benefits of ECN Forex broker ATIORA:
- Completely Anonymous:
All ECN trading is completely anonymous. Anonymity enables traders to deal on neutral prices that reflect actual market conditions and are not based only against the client, based on the strategies of forex dealing centres.
- Instant Execution:
Customers can trade Forex on live streaming quotes instantly with the best prices, which are executed and instantly confirmed – the delay is a maximum of 0.5 ms. ATIORA do not make a “last look” at the deal, as do market makers – each transaction is final and immediately hits the market as soon as the trader clicked Buy/Sell in his trading terminal MetaTrader 4. ATIORA has no Dealing Desk to intervene in the execution of transactions and therefore cannot be re-quotes when trading with ECN broker ATIORA.
- Client-to-Bank Trading:
ATIORA ECN enables clients to trade in the global liquidity of banks of world-class and qualified financial institutions.
- Automated Forex Trading:
Through the use of our API, customers can connect their trading models and risk management systems to our feed market data.
- Floating spreads:
In contrast to the dealer, ATIORA no control over the distribution of the spread on the prices bid and ask, therefore, can not provide the same rate of bid/ask spread at any time. ATIORA offers floating spreads. At ECN system clients have direct access to the market prices. Market prices fluctuate reflecting supply and demand, volatility, and other conditions. ATIORA ECN broker enables clients to trade on tight spreads, which fluctuate from 0 pips on all currency pairs under normal market conditions.