GCI introduces ECN Trading in Over 50 Currencies
GCI now offers ECN Trading ("Electronic Communications Network") with the tightest possible spreads, making it the ideal broker for scalping EAs.
- (1888PressRelease) September 20, 2012 - GCI is answering the call for superior execution and a broader array of currencies with tight. With its new Electronic Communication Network (ECN) trading solution, GCI welcomes and encourages Expert Advisors in MetaTrader that are designed to "scalp" the market or take advantage of small movements in the price feed.
Furthermore, by partnering with some the world's largest banks, GCI is able to offer instruments that were heretofore difficult to make a market in. New pairs like EUR/PLN, EUR/CZK and dozens of others have been added. And spreads on pairs like USD/ZAR and USD/MXN are now much narrower - on par with the spreads that hedge funds get from banks.
GCI's ECN has the added benefit of providing an excellent trading environment for scalpers and scalping EAs. GCI Marketing Director Ella Fuller notes: "Many clients use automated trading programs that trade based on price movements across multiple price feeds. These programs require tight spreads and fast execution with no re-quotes. GCI's ECN provides these traders with the ideal platform for their programmed trading needs."
But that isn't all… ECN allows GCI to offer liquidity for larger scale traders. Many moderate-sized institutions take currency positions of a scale that might create an unsavoury level of risk for market makers. "GCI has always maintained a conservative risk profile", says Fuller. "With our ECN, we can accept these trades efficiently while simultaneously giving these institutions reliable quotes and our clients the confidence of knowing the firm is financially sound."
There is no question that GCI is re-defining itself. "We want GCI to be the broker of choice for scalpers, automated traders, institutions and individuals," boasts Fuller. See for yourself and visit http://www.gcitrading.com.
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