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South AfricaWhat is the difference between a market maker and a direct access broker?
A market maker provides liquidity by taking the opposite side of your trade, operating a dealing desk that sets the bid-ask prices. A direct access (ECN/STP) broker routes your orders straight to external liquidity providers, acting only as a medium and typically offering variable spreads.
Answer
A market maker provides liquidity by taking the opposite side of your trade, operating a dealing desk that sets the bid-ask prices. A direct access (ECN/STP) broker routes your orders straight to external liquidity providers, acting only as a medium and typically offering variable spreads.
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