{"id":36976,"date":"2026-05-28T15:00:12","date_gmt":"2026-05-28T15:00:12","guid":{"rendered":"https:\/\/volity.io\/unkategorisiert\/what-is-ecn-vs-market-maker\/"},"modified":"2026-06-04T17:07:41","modified_gmt":"2026-06-04T17:07:41","slug":"what-is-ecn-vs-market-maker","status":"publish","type":"post","link":"https:\/\/volity.io\/de\/glossar\/what-is-ecn-vs-market-maker\/","title":{"rendered":"Was ist ECN vs Market Maker Execution"},"content":{"rendered":"<h2>Wie ECN versus Market Maker funktioniert<\/h2>\n<p>Das sind zwei Ausf\u00fchrungsmodelle. Ein ECN, ein elektronisches Kommunikationsnetz, leitet Ihre Order an einen Pool von <a href=\"https:\/\/volity.io\/de\/glossar\/what-is-a-liquidity-provider\/\">Liquidit\u00e4tsanbietern<\/a>, die um den Fill konkurrieren, also traden Sie gegen den echten Markt. Ein Market Maker nimmt die Gegenseite Ihres Trades selbst und stellt sein eigenes Bid und Ask. Der Unterschied formt Ihre Spreads, Ihre Fills und wo die Anreize des Brokers liegen.<\/p>\n<h2>Rechenbeispiel<\/h2>\n<p>Auf einem ECN wird Ihre Kauforder gegen den besten verf\u00fcgbaren Preis konkurrierender Banken gematcht, was rohe, oft sehr enge Spreads plus eine Kommission gibt. Bei einem Market Maker stellt der Broker einen etwas weiteren Spread ohne separate Kommission und kann den Trade hedgen oder internalisieren. In schnellen M\u00e4rkten zeigt das ECN-Modell eher <a href=\"https:\/\/volity.io\/de\/glossar\/what-is-slippage\/\">Slippage<\/a> als <a href=\"https:\/\/volity.io\/de\/glossar\/what-is-a-requote\/\">Requotes<\/a>.<\/p>\n<h2>Was es f\u00fcr Sie bedeutet<\/h2>\n<p>Kein Modell ist automatisch besser; was z\u00e4hlt, ist enge Bepreisung, schnelle Fills und kein Konflikt auf Ihren Trades. Volity aggregiert Liquidit\u00e4t mehrerer Anbieter, sodass die Bepreisung auf <a href=\"https:\/\/volity.io\/de\/glossar\/what-is-a-major-pair\/\">Majors<\/a> wettbewerbsf\u00e4hig bleibt und Fills verl\u00e4sslich sind. Die praktischen Fragen sind immer dieselben: wie eng der Spread, wie schnell der Fill, und ist die Ausf\u00fchrung transparent.<\/p>\n<h2>Warum das wichtig ist<\/h2>\n<p>Das Ausf\u00fchrungsmodell entscheidet Ihre echten Kosten und ob der Broker profitiert, wenn Sie verlieren, also hilft sein Verst\u00e4ndnis, Bepreisung und Konflikte zu beurteilen statt nur einem Marketing-Etikett zu vertrauen. Konzentrieren Sie sich auf Spread, Tempo und Transparenz. Siehe auch: <a href=\"https:\/\/volity.io\/de\/glossar\/what-is-a-liquidity-provider\/\">Liquidit\u00e4tsanbieter<\/a> und <a href=\"https:\/\/volity.io\/de\/glossar\/what-is-bid-ask-spread\/\">Geld-Brief-Spread<\/a>.<\/p>\n<p>Mehr dazu auf unserer <a href=\"https:\/\/volity.io\/de\/forex\/\">Forex-Seite<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wie ECN versus Market Maker funktioniert Das sind zwei Ausf\u00fchrungsmodelle. Ein ECN, ein elektronisches Kommunikationsnetz, leitet Ihre Order an einen Pool von [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":37122,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"custom_schema":"","footnotes":""},"categories":[259],"tags":[],"class_list":["post-36976","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-glossar"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Was ist ECN vs Market Maker Execution<\/title>\n<meta name=\"description\" content=\"ECN routet Orders an einen Pool von Liquidit\u00e4tsanbietern, Market Maker nimmt die andere Seite selbst. 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