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6.2 Market maker brokers pretending to be ECN brokers

There are a couple of market maker brokers in the market that you simply wish to watch out of. The the reason is, is as a result of they’re literally pretending to be ECN foreign exchange brokers and that is what entices individuals to sign-up for a live buying and selling account. As all market making activity used to be processed through a dealing desk a lot of market makers have abolished it and now promote themselves as an ECN dealer as a result of they have got no dealing desk. however, simply because they have no dealing desk does now not mean that they are a real ECN dealer. as a substitute, all their market making abilities are passed on to their liquidity suppliers or other 1/3 birthday celebration counter-buying and selling banks and monetary institutions., the truth is that the market making methods still exist inside these brokers’ however they are processed in different places.

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