According to FIBO Group, one of the most prominent representatives of the contemporary Forex broking industry, there are 2 major technologies dominating the Forex industry. These are STP and ECN.
The broker claims that STP has a clear competitive edge over ECN. In fact the edge manifests itself through multiple aspects. First of all, STP is more transparent and easy-to-use that ECN.
At the same time, it is not accidental that more and more Forex brokers switch to STP since they understand the benefits of this innovative technology over other similar trading broking technologies. FIBO Group is not an execution in this aspect.
Moreover, FIBO Group really stands out from the crowd when it comes to STP. The broking companie doesn't simply provide the access to STP. It constantly works on improving the technology, thereby making it more and more efficient and easy-to-use, which allows traders to realize their potential.
STP stands for straight through processing. This technology allows traders to send their orders directly to liquidity providers, which is means genuine interbank liquidity.
The biggest difference form ECN (electronic communication network), STP allows traders to see both the liquidity providers available and the full market depth, where traders can see others' orders coupled with their own orders.
FIBO Group went further to improve the technology so as to let traders get their orders executed at the prices set in their orders or better prices. On top of that, this advantage is coupled with the absence of re-quoting and minimal slippage.
FIBO Group's STP system is based on market execution, which makes it possible to execute orders at the best prices available within a specific period. The company managed to come up with certain technical solutions , which reduce the chance of re-quoting to nothing. At the same time, the slippage is always minimal and positive for traders 99% of the time.
All of the advantages of STP mentioned above are unavailable for those who utilize ECN. On top of that, ECN is slower than STP most of the time.
There is one more thing about ECN. ECN cannot be considered in «absolute» terms, i.e. whatever the broker's client base is, we can hardly expect that it is enough to cover big-scale orders in order to provide full-fledged liquidity.
Therefore, it would be wiser to consider ECN couple with STP, i.e. ECN with an outer STP source, which can make up for the lack of liquidity within the ECN in question.
It should also be mentioned that FIBO Group works with such major liquidity providers as
Barclays, Bank of America, Deutsche Bank, HSBC, Citi, UBS etc. This is clearly a huge competitive edge!
Traders have 2 options in terms of choosing a trading terminal:
MetaTrader (for MT4 NDD accounts)
cTrader (innovative software for cTrader STP accounts).
In short, FIBO Group is one of the best options in the industry when it comes to STP, a technology associated with fast execution, efficiency, liquidity, simplicity and comfort.
For more details, please visit http://fibogroup.com/
