What is ECN2?
ECN² (ECN Square) is an Institutional Based Multi-ECN data feed built real-time to provide you with competitive rates and anonymous order management. Available to High Net Worth investors and Eligible Contract Participants (ECP), the ECN² technology has the power to aggregate multiple ECNs under one account, thus allowing for a clear overall status update thanks to a cumulative netting of positions. Unlike other forex aggregators, ECN² features an intelligent local aggregation, thus adding further transparency, low spreads and the possibility of inverted spreads.
Competitive low and inverted Spreads
PathFinder Trader™’s powerful technology is built around the trader’s need, to empower you with boundary-breaking tools. On the ECN² data feed, available prices are streamed directly to your terminal and displayed on the ScalperBook on an intuitive and competitive bid/ask system. Thanks to the ECN² technology executable prices are updated quickly in front of you in real-time, thus potentially reducing further latency otherwise found in other aggregators and thus revealing tight spreads which might also be inverted.
The technology behind ECN² allows for multiple ECNs to be associated to one account through one counterpart, thus providing you with a complete picture of your portfolio across the multiple ECNs available in your account. Trade on a credit or a margin based, or even hold unused funds in a segregated account (available on selected accounts through cross margination).
Benefits of ECN2 Technology:
- Design your liquidity
Each ECN will stream its prices into the system and you will select which quotes to execute.
- Smart Order Routing
Fully synthetic orders generated through ECN² will be automatically routed to the appropriate ECN for a quick deal capture.
- One click trading through Pathfinder Trader™.
Point and click at the desired price level from the ScalperBook, modify existing pending orders with a simple drag-and-drop and close all positions, all with one-click of your mouse.
- Intuitive through Pathfinder Trader™.
Streaming rates are shown in the ScalperBook sorted by price along with full Market Depth to allow for quick market overview and an easy order management.
Chart Displays Spreads for ECN²*
*These spreads are indicative, actual values will depend on each ECN set up available.
Important Note About Our Statistics
Although we strive to provide you with useful information, our statistical data such as spreads, average spreads, execution times and other data contained on this page are for informational purpose only and they cannot be deemed suitable for trading decision or for dispute purposes. This statistical data has certain limitation and it doesn’t take into account market volatility, volume, system availability, computer performance, internet connection speed, geographical location, and other factors which may delay or otherwise affect your prices and trade execution. Price can change quickly in fast market conditions, resulting in an execution price different from the price available at the time order is submitted. All data on this page is not in updated in real-time and it may not be representative of all data available nor guaranteed to be error-free.
Frequently Asked Questions
ECN² is a locally aggregated multiple ECN data feed designed to provide you with added liquidity and greater price competition.
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The technology behind ECN² has been developed by ECN2 Technologies.
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ECN² is currently available only to high net worth and ECP (Eligible Contract Participants) clients with a minimum initial deposit of $250,000.
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Yes, one of the main advantages of ECN² is the capability of netting positions across all ECNs your account is setup for.
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Because forex is not a centralized market, each ECN may show slightly different prices. ECN² Data Feed will displays the prices streaming from the multiple ECNs on one ScalperBook, based on the best bid/ask available. Therefore, occasionally, and depending on several factors, spreads may become inverted for a brief period of time.
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Depending on several factors, you may have been able to get filled at those prices and your order will result in a net flat position in your account.
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Yes, because the prices you see are built real time, in front of you, based on the executable prices streaming directly by each ECN. However, keep in mind that execution results will vary depending on several factors including market conditions, volume, network latency, computer performance, internet connection, etc.
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