Is Blueberry Markets an ECN broker?
ECN itself stands for ‘Electronic Communication Network’. This term is used to characterise how financial institutions interact with each other to form market pricing. Under this structure, brokers stream raw prices onto the platform and trades will either be offset by another client, liquidity provider (LP), or held internally.
We consider ourselves to be a spot forex broker providing the ECN pricing model. This is because our pricing is sourced directly from LPs via an ECN, these prices are fed directly into the platform with no dealing desk interference; this is called Straight Through Processing (STP) execution. To optimise pricing and execution we do not offset every client position with our LPs, they may instead be held internally.