In AXIORY, in order to prevent conflict of interest with our customers, we eliminated the operation of any dealing desk and adopted the NDD (non-dealing desk) system for all our account types. With STP (Straight Through Processing) and the ECN (Electronic Communications Network) system, we have achieved high quality transparency with small latency.
Straight through processing (STP) is an initiative that financial companies use to optimize the speed at which they process transactions. This is performed by allowing information that has been electronically entered, to be transferred from one party to another in the settlement process, without manually re-entering the same information repeatedly over the entire sequence of events. While presently only a concept that many are working toward, STP represents a major shift from present-day T+3 trading to same-day settlement. One of the benefits of STP is a decrease in settlement risk. Shortening transaction-related processing time will increase the probability that a contract or an agreement is settled on time.
An electronic communication network (ECN) is an automated system that matches buy and sell orders for securities. It connects major brokerages and individual traders so they can trade directly between themselves without going through a middleman. It makes it possible for investors in different geographic locations to quickly and easily trade with each other. The U.S. Securities and Exchange Commission (SEC) requires ECNs to register as broker-dealers.
Your account can be opened in 30 minutes after the entire application procedure is completed.
You can start trading as soon as you finish your application.
At AXIORY, we offer STP accounts and ECN accounts in both of our MetaTrader 4 trading platform.