ECN Model

ECN is an acronym for Electronic Communications Network. A Forex ECN broker does not have a dealing desk but instead provides a marketplace where multiple market makers, banks and traders can enter in competing bids and offers into the platform and have their trades filled by multiple liquidity providers in an anonymous trading environment.

FXVV operates an ECN where customers can trade in between the bid and the ask price streamed by multiple large banks and prime brokers.



Completely Anonymous,
All trading activity is totally anonymous. Anonymity enables traders to deal on neutral prices, which reflect the real market conditions only and are not biased against the client's direction based on trading strategies, tactics or current market positions.

Seeing Depth of Market
In addition to seeing the best available bid and offer, clients can also view all prices in the system as well as the available quantity at each price. This feature enables clients to measure liquidity at different prices, improving their trade execution.

Instantaneous Trade Execution
Clients trade instantly on live streaming, best executable prices with immediate confirmations. FXVV does not provide a "last look" to price makers, so FXVV trades are final and confirmed as soon as they are dealt. There is no dealing desk to intervene, so there are no re-quotes.

Client-to-Bank Trading
The FXVV ECN model allows clients to trade on the global liquidity of world-class banks and qualified financial institutions.

Automated Trading/Market Data
Through the use of our API, clients can connect their trading models and risk management systems to our market data feed and matching engine. FXVV's live, neutral, executable market data includes depth-of-market bid and offer prices as well as quantities available at all price levels. These attributes of our data make it robust in back testing trading models and powering them for live trading.

Variable Spreads
Unlike a dealer, however, FXVV does not control the bid/offer spread and therefore can not provide the same bid/offer spread at all times. FXVV offers variable spreads as low as 0.4 pip.

Pair Bid/Ask Min.
spreads
USD/JPY 1.3710 / 1.2345 0.8
USD/JPY 1.3710 / 1.2345 0.8
USD/JPY 1.3710 / 1.2345 0.8
USD/JPY 1.3710 / 1.2345 0.8
USD/JPY 1.3710 / 1.2345 0.8
USD/JPY 1.3710 / 1.2345 0.8
USD/JPY 1.3710 / 1.2345 0.8
USD/JPY 1.3710 / 1.2345 0.8

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