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MT4 ECN Bridge is technology allowing user to access interbank foreign exchange market through the MetaTrader 4 (MT4) electronic trading platform. MT4 was designed to allow trading between a broker and its clients and so did not provide for passing orders through to wholesale forex market via electronic communication networks (ECNs).〔Jerry W Markham. A Financial History of the United States: From Enron-Era Scandals to the Subprime Crisis (2004-2006); From the Subprime Crisis to the Great Recession (2006-2009). - Routledge. - 2007 - ISBN 978-0-7656-2431-4. - p.147.〕 In response a number of third party software companies developed Straight-through processing bridging software〔Michael Gorham, Nidhi Signh. Electronic Exchanges: The Global trandformation from Pits to Bids. - Elsevier Inc. - 2009. - ISBN 978-0-12-374252-0. - p.18.〕 to allow the MT4 server to pass orders placed by clients directly to an ECN and feed trade confirmations back automatically. ==Background== Retail foreign exchange brokers in general are divided into two categories: * Dealing desk brokers or market makers that execute orders and keep the position in that broker’s inner liquidity pool. A DD broker is a specific broker who employs dealers that may either accept or reject orders from retail traders (re-quotes) depending on whether or not the broker is interested in accepting the specific order or not. * Non-Dealing Desk (NDD) brokers or direct market access where the broker simply passes the order to the interbank foreign exchange market. The MetaTrader4 trading platform was designed for dealing desk brokers, but the popularity of the trading platform meant that retail forex traders as well as brokers wanted to provide a way to trade directly on the interbank foreign exchange market via MT4. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「MT4 ECN Bridge」の詳細全文を読む スポンサード リンク
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