Prakata

Apakah nyata Broker ECN ?
banyak sekali broker yang mengklaim bahwa mereka ECN ...
apa itu ECN ?

Menurut Wipedia :
An electronic communication network (ECN) is a financial term for a type of computer system that facilitates trading of financial products outside of stock exchanges. An ECN is generally an electronic system that widely disseminates orders entered by market makers to third parties and permits the orders to be executed against in whole or in part.The primary products that are traded on ECNs are stocks and currencies. ECNs are generally passive computer-driven networks that internally match limit orders and charge a very small per share transaction fee (often a fraction of a cent per share).[1] The first ECN, Instinet, was created in 1969. ECNs increase competition among trading firms by lowering transaction costs, giving clients full access to their order books, and offering order matching outside of traditional exchange hours.[citation needed] ECNs are sometimes also referred to as Alternative Trading Systems or Alternative Trading Networks.

http://en.wikipedia.org/wiki/Electro...cation_network

Menurut Investopedia :

Definition of 'Electronic Communication Network (ECN)'

An automated system that matches buy and sell orders for securities. An ECN connects major brokerages and individual traders so that they can trade directly between themselves without going through a middleman. The ECN makes money by charging a fee for each transaction. ECNs make it possible for investors in different geographic locations to quickly and easily trade with each other. The Securities and Exchange Commission requires ECNs to register as broker-dealers.


http://www.investopedia.com/terms/e/ecn.asp

Penjelasan versi investopedia :

Investopedia explains 'Electronic Communication Network (ECN)'

An ECN attempts to eliminate the third party’s role in executing orders entered by an exchange market maker or an over-the-counter market maker, and permits such orders to be entirely or partly executed. Orders placed through ECNs are usually limit orders.

ECNs display the best available bid and ask quotes from multiple market participants, then automatically match and execute orders. They not only facilitate trading on major exchanges during market hours, they are also used for after-hours trading and foreign currency trading. ECNs allow for automated trading, passive order matching and speedy execution. Some ECNs are designed to serve institutional investors, while others are designed to serve retail investors.

Some of the different ECNs include Instinet, SelectNet and NYSE Arca. Instinet was the first ECN (1969), and it is used by small brokerages and for transactions between institutions. It is widely used by market makers for Nasdaq trades, but individuals and small firms can use it, too. SelectNet is used primarily by market makers, but it doesn’t require immediate order execution and it helps investors trade with specific market makers. NYSE Arca grew out of the merge between the New York Stock Exchange and Archipelago, an early ECN (1996). It facilitates electronic stock trading on major U.S. exchanges like the NYSE and Nasdaq.

ok sekian bacotnya ,
INTINYA ADALAH : ECN MENGHILANGKAN ADANYA FUNGSI PIHAK KETIGA YANG DAPAT MEMANIPULASI ORDER(DEALING DESK) dan membuat broker hanya sebagai perantara jasa antara client dan bandar (LP, Bank or etc )





Inti Diskusi dan POLLING !!!!

POLLING :

Apakah anda percaya bahwa BROKER ECN itu eksis ?

1. Ya broker ECN itu ada,, tetap ada broker jujur ,,,
2. TIDAK ADA , hanya MITOS, Tidak ada REGULASI yang mengatur itu
3. Mau ECN kek, STP kek, EE kek , yang penting witdraw ane di bayar
4. Gak tahu gan ..... agan bikin thread berat2x melulu ane pusing ah ,,

DISKUSI :

1. apakah anda percaya bahwa broker ECN ada ? kenapa ? ( kalau bisa kasih link bagus gan )
2. bagaimanakah cara mengetahui sebuah broker beneran ECN atau tidak ?

let's discuss ... diskusinya akan saya update di page one ...

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