> For the complete documentation index, see [llms.txt](https://docs.tradeviewmarkets.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.tradeviewmarkets.com/edge/technology.md).

# EDGE Execution Technology (ILC)

How EDGE orders are filled: Tradeview's execution engine, the Instant Liquidity Connector, routes each order across several liquidity providers.

EDGE is new because of what happens behind your terminal. Most brokers route client orders through a third-party bridge to one liquidity source, with a mark-up on the spread. Tradeview built its own execution engine, the **Instant Liquidity Connector**, and EDGE is the account model that gives clients direct access to it: raw market prices from several liquidity providers, and a flat commission instead of a mark-up.

## Where the engine sits

Your order leaves MetaTrader 4 or MetaTrader 5, enters the Instant Liquidity Connector on Tradeview's servers, and comes back as a fill. Everything in between happens automatically, within milliseconds, and needs nothing from you.

<figure><img src="https://1464240515-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FsUxIYPiScWr2xuS89YX3%2Fuploads%2Fgit-blob-ee300fd610d43ed5ef5db61ee338e42252573f49%2Forder-flow.png?alt=media" alt="How EDGE fills an order: the terminal, the Instant Liquidity Connector, the liquidity providers, and the fill" width="480"><figcaption><p>How EDGE fills an order: the terminal, the Instant Liquidity Connector, the liquidity providers, and the fill.</p></figcaption></figure>

1. **Prices in** – the engine receives live prices from several top-tier liquidity providers at the same time and streams the best bid and the best offer to your terminal. That is the raw spread you see on a `.edge` symbol.
2. **A decision per order** – for every order, the engine compares the prices available at that moment and selects the best available execution for the size you trade.
3. **Split and aggregate** – a larger order can be split into smaller pieces, sent to different providers, and filled as one order at the aggregated price. You see one fill in your terminal.
4. **Controlled slippage** – the engine works the pieces inside its own pool at limit prices, so a fill cannot move beyond what the market showed at that moment. Positive slippage, when the market moves in your favour, is passed on to you.

## What is new in it

* **Built in-house.** Tradeview developed the engine itself instead of relying on a third-party bridge. The matching engine and the FIX connections to the liquidity providers are Tradeview's own, and they are built to manage liquidity, not only to pass orders through.
* **Several providers at once.** The pool of liquidity providers is connected simultaneously, and it grows: each provider added deepens the liquidity behind every `.edge` symbol and improves the prices the engine can find.
* **Executable prices, not display prices.** The engine prices what can be traded in the size you send, so the spread you get on a fill matches the spread you saw.
* **Institutional infrastructure for individual accounts.** Tradeview's trading servers sit in the LD4 data centre in London, connected by fibre to the liquidity providers, and EDGE accounts run on a dedicated server.

## What it means for your trades

| Pillar                 | What you get                                                                                                        |
| ---------------------- | ------------------------------------------------------------------------------------------------------------------- |
| Better pricing         | The raw market spread with no mark-up, plus a flat commission that is shown on the trade line.                      |
| Better execution       | Each order finds the best available execution across the providers, automatically.                                  |
| Lower slippage         | Fills are limited to what the market justifies, and positive slippage is not filtered.                              |
| Deeper liquidity       | Several providers behind every symbol, so larger orders fill without degrading the price.                           |
| Consistent performance | The engine makes the same decision in the same way in calm and in volatile markets.                                 |
| Fair trading           | Tradeview's stated aim for the engine: a fairer execution environment, with the same prices the broker itself sees. |

## What the engine is not

* Not a trading platform, a plugin or something you switch on. It is infrastructure behind MetaTrader 4 and MetaTrader 5.
* Not a strategy, a signal or an indicator. It changes how your order is filled, not what you trade.
* Not a separate account to install. An EDGE account and the `.edge` symbols are all you need. See [Open an EDGE account or request a demo](/edge/open-an-account.md).

The [EDGE page](https://www.tradeviewmarkets.com/en/edge/) on the Tradeview website presents the same technology in Tradeview's marketing words and shows live spreads.

{% hint style="warning" %}
Trading involves a high level of risk and is not suitable for every investor. Losses can exceed the amount initially invested. Tradeview services are not offered in the United States or to US Persons.
{% endhint %}