Definitions for "ECNs"
(Electronic Communication Networks), also called matching systems, bring together buyers and sellers. However, there is no guarantee that a trade will be executed, nor at a fair market price. Traders often must wait until the market opens the following day to receive a tighter spread
Electronic Communications Networks. These networks provide on-line, computerized securities trading and, in some cases, function as electronic exchanges regulated by the Securities and Exchange Commission. Nearly half of all securities trades in U.S. markets are executed through ECNs. EMCC - The Emerging Markets Clearing Corporation provides automated trade comparison, settlement and risk management of transactions involving Brady Bonds, sovereign debt and related transactions in emerging-market economies.
Electronic Computer Networks that link buy and sell stock orders.