A technology-driven Forex brokerage offering STP and ECN execution via MetaTrader 4 as well as multiple trading platforms, MB Trading FX, has announced a name change to its proprietary order matching software from “Forex ECN” to “Electronic Xrossing Network (EXN).”

”We now offer two compelling pricing models that our customers can choose from based on which plan better suits their needs,” said David Lipsett, Executive Vice-President of MB Trading. “Both of them utilize the same EXN Technology while passing our extremely low transaction costs along to the customer in the manner which they prefer. Our focus remains on providing low costs and flexibility for the customer while striving for best execution.”

From Pitchengine.com:

“The name reflects a more accurate description of our FX matching and crossing technology,” said Ross Ditlove, CEO of MB Trading. “We were among the first brokers to offer the ability to post Limit orders into the quote and let other customers cross you directly with no deal desk manipulation. We recognize there are other brokers globally using the term “ECN” when their systems clearly do not behave in the same manner as our own. The fact that we allow orders to cross transparently between clients with no markup is a hallmark of MB Trading.”

The company’s proprietary execution system is a hybrid for the industry and can be correctly referred to as “EXN Technology.” Customer orders are routed to either another customer whose price criteria matches the incoming order or are routed to one of many banks for added liquidity, and thus better pricing. This hybrid system offers a balanced combination of transparency, liquidity, and flexibility for traders, which aligns MB Trading FX’s interest with those of their customers.

MB Trading Futures, Inc. (MB Trading FX) is a CFTC registered RFED and member of NFA.