Oh yeah, and we provide detailed trade receipts for all of your trades. For the first time ever you’ll have access to the same level of transparency as institutional traders, including; which bank filled your trade, the slippage, speed, order book and tick charts showing market impact.
The Global Prime ECN account is for traders who demand absolute performance from their broker.
Electronic Communications Networks or ‘ECNs’ are off-exchange execution venues which allow market participants to trade with a range of counterparties anonymously. They are the main trading venues for OTC markets such as Foreign Exchange and Metals.
This basically means ECNs provide the technology and venue for price makers aka ‘liquidity providers’ to distribute their liquidity. Price takers (traders) can see these prices and execute trades against them. The ECN is therefore responsible for prices/quotes and the execution of orders.
Institutional ECNs can be accessed through a prime broker while retail ECNs can be accessed through a retail forex broker. There are different characteristics to each, however, they both provide access to the interbank foreign exchange market. If you’re not getting direct (STP) access to interbank liquidity then you’re not trading via an ECN.
Global Prime provides automated trade receipts for all of your trades so you can see which bank executed your trade, fill speed, slippage, the full order book and even a tick chart for market impact.
Trade receipts are a tool to empower our traders to make better trading decisions using the same information institutional traders rely on. This is just another way we’re leveling the playing field for the betterment of all retail traders.
We trade with, and not against you. But what does this even mean?
|Global Prime ECN||Market maker or ‘ECN Pricing’|
|No conflict of interest between you making money and broker profitability?|
|Wants clients to trade profitably?|
|Does not make money from your losses?|
|Does not make hedge execution decisions based on client trading behaviour or account profitability?|
|Does not benefit from wider spreads causing stop out of retail traders.|
|Does not benefit from interbank stop hunting.|
Our cutting edge ECN technology enables us to leverage 10 years of trading relationships to provide clients anonymous access to a unique and diverse pool of liquidity.
This means that you can rest assured that we have built the ultimate trading environment that couples industry leading technology with years of trading experience which has culminated in Global Prime being recognised as the 'traders brokerage'.
An exclusively ECN broker is beneficial as it means that you can focus on your trading and not your broker. In an industry that is full of brokers whose models are predicated on profiting from clients losses, our true ECN model stands in stark contrast to these practices by providing for accountability, transparency and honesty including post trade transparency.
There is no conflict of interest between Global Prime and our clients. Why? Because we do not profit from clients losses. Our goal is to serve the clients needs before our own by delivering the best product to our clients. On the contrary, when you win, we win.
No, your personal identity is completely anonymous to our LP’s.
STP = straight through processing, which means that your trades are executed automatically by way of our ECN with no manual intervention.
NDD = No dealing desk which refers to a broker that does not market make rather, by way of our ECN we provide clients access to our network of LP’s, enabling every trade to be taken to the real market.