All trading activity is totally anonymous. Anonymity enables traders to deal on neutral prices, which reflect the real market conditions only, not biased against the client's direction based on trading strategies, tactics or current market positions.
Instantaneous Trade Execution
Clients trade instantly on live streaming, best executable prices with immediate confirmations. FXCC does not provide a "last look" to price makers, so FXCC trades are final and confirmed as soon as they are dealt. There are no re-quotes.
The FXCC ECN enables clients to trade on the global liquidity of world-class banks and qualified financial institutions.
Automated Trading/Market Data
Clients can connect their trading systems to our market data feed through the use of our API, clients can connect their trading models and risk management systems to our market data feed and matching engine. FXCC's live, neutral, executable market data includes depth-of-market bid and offer prices as well as quantities available at all price levels. The attributes of FXCC data makes it robust in back testing trading models and powering them for live trading.
Unlike a dealer, however, FXCC does not control the bid/offer spread and therefore can not provide the same bid/offer spread at all times.
On an ECN, clients have direct access to market prices. Market prices fluctuate reflecting supply and demand, volatility and other conditions. The FXCC ECN enables clients to trade on tight bid/offer spreads, which are as low as 1/10 pip on all majors in normal market conditions.