ECN stands for; Electronic Communication Network, it is the latest movement in the Foreign Exchange Market. ECN can be described as a bridge linking smaller market participants with tier-1 liquidity providers, through a FOREX ECN Broker. The ECN model is typically considered to be more transparent than the Market Maker model and is favored by the majority of professional traders today.
This linkage is done using the sophisticated technology setup named "FIX Protocol", (Financial Information Exchange Protocol). Where from one side, the broker obtains liquidity from respected, proven and established global financial institutions and then makes it available for trading to its clients. From the other side, the broker delivers clients' orders to Liquidity Providers for execution. For further information please visit our website.