What is ECN Account in Indices Trading?

Types of Accounts ECN

ECN Trading Accounts

ECN Account stands for Electronic Communication Net-work, these ECN Account brokers are connected to the interbank network directly through an electronic communication network and orders from the ECN Account are placed straight to the electronic net-work.

The ECN Account will illustrate different orders from different banks. The indices quote placed by these ECNs network of banks are direct from them to the inter bank net-work and orders are executed direct to the interbank market once a trader trading with this ECN account places an order with their stock trading broker.

The ECNs account will charge commissions + spread for every trade. For these ECN Account execution technique every trade is matched to another in realtime over the inter-bank network - ECN Network.

ECN Micro Account Trading

The different types of trading ECN accounts are: ECN Cent Account Trading - ECN Micro Account Trading - ECN Standard Account Trading. Traders can open any of the ECN stock trading account type. Indices Trading ECN account types will include paying of commissions on top of spread therefore traders looking for ECN trading account should look for accounts that include paying of commissions on tops of spread - ECN Commission.