Price Markets UK launches its new MT4 ECN desktop trading solution adding to its current suite of market leading and extensive range of customised trading applications such as Price MetaTrader 4, Price DealingScreen and Price Markets Currenex ECN which provide traders and investors around the world with powerful execution, analysis and research tools via desktop (Windows, Linux and Mac) and mobile (iPhone, iPad and Android) devices.
Ed Anderson, Head of FX Sales at Price Markets commented: “With the global launch of Price Dynamic MT4 ECN, powered with pricing from our pool of multi-bank FX liquidity providers as well as competitive pricing on Commodity and Index CFDs, we are facilitating the demands and requirements of our clients and the industry as a whole. With Price Markets clients can trade FX, Precious Metals, Energy and Indices on the customised Dynamic MT4 ECN with dynamic spreads and institutional FX pricing derived from Price Markets Currenex ECN.”
Anderson added “Price Markets is an experienced provider of ECN connectivity to professional traders and financial institutions via Price Markets Currenex, HotSpot FX, ICAP EBS and a number of other institutional ECN venues – we now provide the same institutional-grade liquidity directly to any FX (Forex) trader on the popular MT4 platform. Essentially this means that individual traders can now trade on the same pricing and liquidity as larger institutions.”
The Forex market is vast, with an estimated 5.3 trillion USD transacted every day (latest BIS survey), making it the largest financial market in the world. As Forex transactions are not conducted on an exchange, like traditional shares, clients rely on their provider to source competitive trading prices from their Liquidity Providers.
Anderson added “via Price Markets Currenex ECN we source competitive pricing from a large pool of liquidity providers, including some of the largest banks in the world, and distribute this liquidity further to our MetaTrader (MT4) platform”. This enables professional and retail clients to trade EUR/USD on an average 0.4 pip spread, in many instances as low as 0.1 pip. Anderson said “trading with Price Markets means our clients benefit from cost savings equivalent to 30% to 90% compared to many retail brokers”.
Anderson concludes “ although pricing is of great importance to all traders, the delay between servers communicating with each other, also known as latency is probably of greater importance. Latency affects the speed our clients get executed on when they trade and speed will affect price discovery and trading opportunities. We host our main European MT4 servers in Equinix’s datacentre in London (Slough) which is where Currenex’s servers are also hosted. This proximity hosting results in virtually no latency in pricing and trade execution between our MT4 servers and the Currenex servers.”
Learn more about MT4 ECN