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Glossário de trading

ECN

Market Structure

O que significa

Electronic Communication Network: a system that matches buy and sell orders directly between traders, with no dealer in the middle. It often offers tighter spreads.

Exemplo

On an ECN, your buy order for EUR/USD can be matched directly with another trader's sell order at 1.10500, with the ECN charging a small commission instead of widening the spread.

Erro comum de iniciantes

Beginners assume "ECN = always cheaper." ECNs charge commissions that can outweigh the tighter spread on small trades; do the math on total cost, not just the spread.

Termos relacionados

  • Broker — The company that holds your account, takes your orders, and routes them to exchanges. You …
  • Market Maker — A firm that quotes both buy and sell prices and stands ready to trade on either side, earn…
  • Exchange — A marketplace where buyers and sellers meet to trade assets under shared rules. The NYSE a…

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