As reported by «Market Leader» (US)
FxOpen: Are Floating ECN Spreads Better Than Fixed Ones?
Electronic communication networks (ECN) are getting more and more popular around the globe, thus ousting the conventional broking scheme (Market Maker). Most experts are aware of this process and assume this is a natural process. The major peculiarity of trading through an ECN is that you trade in the genuine Forex trading environment. With an ECN broker, you make a deal directly with another market participant. Alternatively, a conventional Forex broker usually doesn’t put clients’ orders in the interbank at all.