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Random article: Forex ECN Trading System
ECN means electronic communications network. It’s a safe and secure tading system with no dealing desk trade execute. Also better than STP trading system. ECN trades execute as a scaffold associating participants in the forex advertise straightforwardly to each other, disposing of the requirement for a managing work area. ECNs gain costs from various market members, for example, banks and market creators, and different dealers who are individuals from the system, and stream the best offer/ask costs on their exchanging platforms. In ECN trade here have many strong big liquidity provider, in ecn system currency trade come by campare with many liquidity prover with best rate.
International exchange market (Currency exchange) — is the exchange, where operations on purchase and sale of currency take place between participants of the Forex market; Currency operations – contracts of participants of currency market on purchase and sale and settlement, conversion operations etc.; Currency rate (currency quote) — the price of currency unit of one country expressed in currency unit of another country. Open position – is the trade for purchase/sale, which is not closed and is present on market.
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