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FXCBS Aggregation system and Bridge: A unique innovation<br />
>>><br />
and aggregates these prices by selecting the best<br />
Bid and the best Ask at every quote resulting in<br />
the lowest Spread, and then it posts the selected<br />
prices to the client terminal of MetaTrader4.<br />
2. Execution: traders carry on their trading activities<br />
on the most popular trading platform<br />
MetaTrader4, where every single trade gets<br />
executed at one of our inter-bank liquidity<br />
providers.<br />
What advantages does ECN style trading have for<br />
Retail FX traders and investors?<br />
First of all, anonymity; which no other style can<br />
provide, due to the fact that ECN trading gives the<br />
trader access to MULTI inter-bank liquidity<br />
providers, and 90% of the time the trades are<br />
opened at one counterparty and closed at another.<br />
As a result, ECN style gives traders the freedom to<br />
apply any trading method with no restrictions unlike<br />
Market Maker style which has been denominating<br />
the FX retail market for long time and where the<br />
Market Maker is the only counterparty that takes the<br />
other side of each trade resulting in a big conflict of<br />
interest between the broker and traders. Low spread<br />
is one of the main advantages of our ECN style.<br />
Since we aggregate multi inter-bank prices, the<br />
spreads reach 0 pip level often.<br />
january 2010 e-FOREX | 155
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