Completely Anonymous.
All trading activity is totally anonymous. Anonymity enables traders to deal on neutral prices, which reflects the real market conditions only, there is no bias versus the client's direction, based on: trading strategies, tactics, or current market positions.
Instantaneous Trade Execution.
Clients trade instantly on live streaming, experiencing the best executable prices, with immediate confirmations. FXCC does not provide a "last look" to price makers, therefore FXCC trades are final and confirmed as soon as they are dealt. There are no re-quotes.
Client-to-Bank Trading.
The FXCC ECN model enables clients to trade in the global liquidity pool 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.
Variable Spreads.
Unlike a dealer, however, FXCC does not control the bid/offer spread and therefore cannot provide the same bid/offer spread at all times. On an ECN, clients have direct access to market prices. Market prices fluctuate, reflecting the: supply, demand, volatility and other conditions. The FXCC ECN enables clients to trade on tight bid/offer spreads, which are as low as 0.1 pips on all majors in normal market conditions.