ECN can best be described as a bridge linking smaller market participants to tier-1 liquidity providers through a PMEX Broker on STP basis.
This linkage is done using sophisticated technology setup named FIX Protocol (Financial Information Exchange Protocol). At one end, the broker obtains liquidity from tier-1 liquidity providers and makes it available for trading to its clients. On the other side, the broker delivers clients’ orders to Exchange Clearing House for instant execution.