What's Difference Between ECN and MM Account in Oil Trading?

ECN Crude Account Oil Trading vs Maker Account Oil Trading

ECN Crude Oil Trading Accounts

ECN Crude Oil Trading Account stands for Electronic Communication Network, these ECN Crude Oil Trading Account oil brokers are connected to the inter-bank network directly through an electronic communication network & oil orders from the ECN Crude Oil Account are placed straight to the electronic net-work.

The ECN Crude Oil Trading Account will display different orders from different banks. Oil trading quote placed by these ECNs net-work of banks are direct from them to the interbank net-work & orders are executed directly to the interbank market once a trader trading with this ECN account places an order with their crude oil broker.

These ECNs account will charge commissions + spread for every oil trade. For these ECN Crude Oil Trading Account execution technique every trade is matched to another in real time over the inter-bank network - ECN Network.

MM Accounts

Market Maker Crude Oil Trading Accounts are oil broker accounts where Market Maker oil brokers have a dealing desk where they can match trading orders in house without going to the online oil market.

Oil Trading orders can also be executed against their traders - meaning the broker can take the opposite side of a oil traders open trades.

This crude oil broker can make the decision to either execute a oil order that's the opposite of a oil trader's order thus if the trader makes a loss the broker makes a profit, & if the trader makes a profit the broker makes a loss.