FXCN
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FXCN
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FX trading glossary · Trading

ECN

Electronic Communication Network · 直通流动性提供商,经纪商不做对手方。

ECN brokers route orders straight to banks / liquidity pools, earning only commission (typically $3-7 per round-turn standard lot).

Pros: no conflict of interest + tighter spreads + transparent slippage.
Cons: commission, costly for small lots.