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Latest Original Industry Brokers Forex Encyclopedia Broker Encyclopedia

Straight‑Through Processing（STP）

Straight‑Through Processing (STP) is a method of automating financial transactions from initiation to final settlement without manual intervention. The concept applies to payments, securities trading, and other financial workflows, ensuring that all steps—data capture, validation, routing, approval, and settlement—are completed electronically in a continuous, uninterrupted process.

Science Popularization Two days ago

ECN Broker (Electronic Communication Network Broker)

An ECN broker is a type of financial intermediary—commonly in the forex and securities markets—that uses an Electronic Communication Network to link traders directly with multiple market participants, such as banks, liquidity providers, other brokers, and retail traders. Orders are matched automatically within the ECN without the broker acting as the counterparty, eliminating the conflict of interest often found with dealing desk models.

Science Popularization Two days ago

Market Maker

A market maker is a firm or individual that continuously quotes both buy prices (bids) and sell prices (asks) for a financial instrument, along with the sizes available at each price, with the goal of facilitating trading and maintaining market liquidity. Market makers stand ready to buy or sell from their own inventory, ensuring that transactions can occur without delay. They typically earn revenue from the spread between the bid and ask prices while assuming the risk of holding the asset.

Science Popularization Two days ago

Direct Market Access

Direct Market Access (DMA) refers to the electronic facility that allows traders to interact directly with the order books of financial exchanges without the intermediation of traditional broker-dealer dealing desks. Through DMA, market participants—typically institutional investors, hedge funds, and professional traders—can place buy and sell orders directly into the exchange’s trade-matching system, enabling faster execution and greater transparency.

Science Popularization Two days ago

Forex/FX

The foreign exchange market (commonly referred to as forex or FX) is a global decentralized marketplace for the trading of national currencies. It is the largest and most liquid financial market in the world, with a daily turnover exceeding USD 7 trillion in recent years. Transactions occur over‑the‑counter (OTC) rather than through a centralized exchange, enabling continuous trading across international time zones.

Science Popularization Two days ago

Currency Pairs: What They Are and How They Work

Learn what currency pairs are, their types, how they work, and how to calculate them. A beginner-friendly guide to understanding forex currency pairs with examples.

Science Popularization Two days ago

Base Currency Explained: A Beginner's Guide

Understand what base currency means in forex, how it functions in currency pairs, and how it affects trading, exchange rates, and risks—beginner-friendly guide.

Science Popularization Two days ago

What Is a Quote Currency? Complete Explanation for Beginners

Understand the meaning, function, and examples of quote currency in forex trading. Learn how it differs from the base currency and why it matters in international finance.

Science Popularization Two days ago

What Are Cross-Currency Pairs? Beginner’s Forex Guide

Learn what cross-currency pairs are, how they’re calculated, categorized, and used in forex trading. A simple and practical guide for beginner investors and traders.

Science Popularization Two days ago

Exchange Rate Explained: Definition, Types, and Impact

Understand what an exchange rate is, how it works, and why it matters. Learn about types of exchange rates, calculation methods, and their role in global finance.

Science Popularization Two days ago

Interest Rate: Definition, Types, and Economic Role

Understand what an interest rate is, how it works, the difference between nominal and real rates, and why it is key to personal finance and macroeconomic policy.

Science Popularization Two days ago

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Straight‑Through Processing（STP）

ECN Broker (Electronic Communication Network Broker)

Market Maker

Direct Market Access

Forex/FX

Currency Pairs: What They Are and How They Work

Base Currency Explained: A Beginner's Guide

What Is a Quote Currency? Complete Explanation for Beginners

What Are Cross-Currency Pairs? Beginner’s Forex Guide

Exchange Rate Explained: Definition, Types, and Impact

Interest Rate: Definition, Types, and Economic Role

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