Electronic Communication Network - ECN

Electronic Communication Network - ECN
An electronic system that attempts to eliminate the role of a third party in the execution of orders entered by an exchange market maker or an over-the-counter market maker, and permits such orders to be entirely or partly executed.

An ECN connects major brokerages and individual traders so that they can trade directly between themselves without having to go through a middleman.


Investment dictionary. . 2012.

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