Oct
8
2009
8
2009
FastBrokers Introduces Currenex ECN
Glendale, California - FastBrokers is dedicated to providing innovative tools for trading in the Forex market. As recent demand suggests a shift from retail dealing desk trading to institutional ECN (Electronic Communications Network) trading, FastBrokers introduces Currenex ECN.
Currenex ECN is a true STP system (Straight Through Processing) with no dealing desk intervention. The platform streams the best bid and ask rates directly to traders from several global banks and ECN systems. Advantages and highlights include the following:
Liquidity
Currenex ECN provides upwards of $100 million in liquidity for institutional traders and retail traders alike. It is currently connected to several global banks, hedge funds, and ECNs, offering access to one of the deepest pools of liquidity currently in the Forex market. Within the platform, traders will find up to 5 levels of depth of market and spreads normally ranging from 0 to 2 pips on major currency pairs (depending on current liquidity and market volatility).
Reliability
The Currenex platform executes trades through a fully integrated straight-through-processing system. With deep liquidity, the platform offers traders fast, reliable execution on orders as small as 10,000 base currency unit trades (mini lots) to block trades of 10 million and over. Trades are executable through one-click trading, allowing quick entry/exit during fast moving markets; other functionalities include Conditional Orders, GTD orders, and Brackets.
Accessibility
Previously, retail traders had limited access to ECN networks due to the high deposit requirements. FastBrokers recognizes the need for retail non-dealing desk trading as high volume institutional ECN platforms become a trend of the past. Therefore, FastBrokers offers retail traders competitive accessibility to the ECN networks with a new low initial deposit of $3,500. Minimum trade size is 10,000 BCU and leverage up to 100:1.
Commissions apply. Please contact info@fastbrokers.com or your personal broker for more information.
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Posted by: FastBrokers News
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