FXCM offers level 2 type platform for FX

FXCM’s Active Trader product now displays 5 levels of market depth, showing traders available liquidity at each price level for an inside view of the market.

First Published by e-Forex News: April, 2009

FXCM’s Active Trader product now displays 5 levels of market depth, showing traders available liquidity at each price level for an inside view of the market. With a user-friendly web-based platform, traders can now see the exact price at which a market order can be filled based on available liquidity, before placing a trade.

Designed with the short-term trader in mind, this level of transparency provides certain advantages: if the amount of available liquidity is heavily tilted towards either the bid or ask side, this indicates that short-term prices may be moving towards the side with less liquidity. Traders can potentially make short-term decisions based on this information. Free demos are available at www.fxcm.com/active-trader.jsp