Foreign-exchange trading depends on intermediaries that connect buyers, sellers, and liquidity providers. Dealers and ECN brokers sit at that execution layer.
In This Branch
- Foreign-Exchange Dealer: A dealer who buys and sells currency in the forex market.
- ECN Broker: A broker that routes orders through an electronic communications network.
Why It Matters
These intermediaries determine how orders reach the market, how liquidity is accessed, and how pricing transparency differs between direct-access and broker-mediated trading.
In this section
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ECN Broker: Definition, Mechanism, Advantages, and Disadvantages
An in-depth look at ECN Brokers, exploring their definition, how they operate, their benefits, and potential disadvantages.
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Foreign-Exchange Dealer: A Comprehensive Overview
A foreign-exchange dealer engages in buying and selling foreign currency in the forex market, often as an employee of a commercial bank. This article covers their roles, responsibilities, historical context, key events, formulas, and much more.