Trader's Glossary

Electronic Communication Network (ECN)

Electronic Communication Networks aggregate prices from many liquidity providers and offer traders the most competitive bid and ask prices. ECN orders are anonymously routed to the interbank network without dealing desk intervention.
Did you know?

Have you ever heard of Monte Dei Paschi di Siena? Founded in 1472 in Tuscany, Italy, it is considered to be the world’s first actual bank and is still in operation today.

Word of the day
"Straddle" - The strategy of employing limit orders to trade on significant price movements in either direction.
Pro Tip

Always keep an eye on broker reviews.

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