The OZ ECN liquidity stream has been brought forward by popular demand to service a wide range of clients. Generally speaking, you can think of the ECN as an access pass to a “POOL” of independently aggregated liquidity available for trading on. In addition it has multiple uses (i.e., streaming, RFQ/RFS), and has a very solid depth and breadth of liquidity and functional richness for active traders expecting the best in execution and speed.
The ECN platform itself, quite literally, lives in a dedicated facility at Equinix LD4 in London, where it directly aggregates Tier 1 liquidity from major money center banks and venues in addition to non-traditional sources.
The OZ ECN feed is only available from our authorising licensee through Mt Cook Australia Pty Ltd:
What makes the OZ ECN special, is that it is powered by a unique smart order routing algorithm that rewards and punishes liquidity sources, not only by the most competitive pricing, but also based on the “quality” and “integrity” of the quotes received (such as for key attributes including but not limited to speed and fill rate). It also has the ability to find pockets of deep, hidden liquidity within its network, enabling traders to improve pricing on large orders.
Anyone can trade on the ECN feed and reap the huge benefits of it. However the trading stream is often preferred by the following types of traders:
For more information, please read our detailed trading conditions.
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