The path an order takes from a trader's platform to the liquidity provider that fills it. Understanding exactly how this order type behaves is essential before placing live trades, since it determines precisely when and at what price a position enters or exits the market.
The path an order takes from a trader's platform to the liquidity provider that fills it. Understanding exactly how this order type behaves is essential before placing live trades, since it determines precisely when and at what price a position enters or exits the market.
It influences execution quality, cost, and transparency. Advanced traders often rely on distinctions like this to fine-tune strategies that would otherwise look identical on the surface to less experienced eyes.
ECN brokers route orders directly to a pool of liquidity providers. In practice, traders typically encounter this directly within their trading platform, charting software, or an economic calendar, depending on the specific context in which it arises.
IUX
Exness
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XM
ICMarkets
LiteFinance
Moneta
Tickmill
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