HI, searched for this however was unable to find. I have read in the forums about ECN and NON-ECN brokerages and chatted with a brokerage firm i have a demo account and asked them if they are ECN or NON-ECN. They replied that they are a Straight Thru Processor. Is anyone familiar with this? Thanks for the Help.
STP � Straight Through Processing � STP Forex brokers send orders directly from clients to the liquidity providers. The more there are banks and liquidity in the system, the better the fills for the clients.
The fact that traders have access to the true market and can execute trades immediately without dealer intervention is what makes the platform STP.
Source: 100forexbrokers
Essentially, STP and ECN are two different ideas
ECN, as the name suggests, denotes the network in which you trade
STP, means that there is no dealing desk intervention
Thanks for the help. I have learned more in just a few days from this site than i have anywhere else.
Is it better to just to say thank you in advance? If so, i will follow this procedure in the future, so as not to clog up the forum with “thank yous”.