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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.
On August 15, 1971, the United States of America unilaterally declared of canceling of direct convertibility of its national currency to gold. It finished an epoch of Bretton Woods currency system, US dollar rate started floating and gold turned into independent asset. This event is known in the history as Nixon Shock, because despite of being long-expected, it was a total shock for the most part of countries. The world required several years from then on to develop and launch new rules for international trading.
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