Let's look at what an ECN broker is and why you should consider opting for one

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Let's look at what an ECN broker is and why you should consider opting for one. The financial industry has evolved significantly over the last few decades. In the past, the major exchanges had hundreds of traders executing trades manually day by day. Today, it's all done by computers, which analyse, initiate, and close orders upon traders request. It's safe to say that we're living in an age of online brokers.


An old-style brokerage company is now an outdated concept, which brazil telegram data made way for a single trading platform. A trader can use it without having to go anywhere or contact anyone. With so many different brokers to choose from, it’s essential to find the one who would be most suitable for your trading needs not only in terms of trading conditions but also reliable in terms of execution.


So, today we will examine the term ‘ECN’ and what it means for you as a trader. What is ECN? ECN stands for Electronic Communications Network. Why do you need an ECN broker? ECN, in the description of a broker, means that they are merely an intermediary in the trading process. ECN brokers have a poll of liquidity providers - composed of different financial institutions, like banks, for example - that provide quotes for all the assets available on a broker's platform.