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EFX Group Forex Broker

Wed 07 March, 2007ForexBrokerGuide

Unlike many brokers, EFX GROUP offers direct access STP and ECN capabilities for its clients. EFX GRoup’s powerful execution system incorporates a wider range of bank feeds that display liquidity in real time on the client’s system. In general, STP (Straight Through Processing) technology allows a trader to place an order that electronically connects their request with a number of banks essentially cutting out the middle man of a “Dealing Desk” broker whose only existence is to make money off your trades. In addition, EFX Group employs ECN technology that further allows their clients the ability to cross orders anonymously and directly with other clients and banks that are requesting the same quote. In essence, a trader’s order will ideally execute directly against one another, all but eliminating the need to fill orders against bank quotes by themselves which in turn offers arguably the best, fastest, and most reliable/accurate execution for any trader giving them an a slight or great edge in the market, depending on how the trader utilizes this feature.

EFX GROUP IS NOW MB TRADING

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