An electronic communication network (ECN) implies that every Forex participant’s order will be matched to a contra-side order with the ECN-broker or with its contactors – liquidity traders whose role is played by big international banks - without any participation of a dealing center. LiteFinance, a company with high liquidity, offers these technologies in ECN accounts and thus affords its clients transparent market conditions, under which orders are executed at the best market price with no delays, slippage or re-quotes.
An electronic communication network (ECN) has a number of undisputable advantages:
- Trades are sent directly to liquidity traders
- No broker's intevention
- Instant execution
- No requotes
- No conflict of interests
- No limits on trading strategies