Forex Broker, which is not a Market Maker, is either a Straight Through Processing Broker (STP) or an Electronic Communications Network Broker (ECN). These types of brokers are typically (and sometimes erroneously) called Non Dealing Desk brokers.
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So to sum this up:
Market Maker – is the market, profits from losses and spread, typically never re-quotes
STP – sometimes is the market, profits either from losses or spread or both, re-quotes
ECN – route to the actual market, requires big accounts, plenty of re-quotes
Interessante Seite, für alle, die im Bereich FX auf dem Laufenden bleiben wollen.
Interessante Seite, für alle, die im Bereich FX auf dem Laufenden bleiben wollen.
© forexmagnates.com | Michael Greenberg
Market Maker vs. STP vs. ECN:
Part 1
Market Maker vs. STP vs. ECN:
Part 2