Electronic Communication Network - ECN
What Does Electronic Communication Network - ECN Mean?
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.
Investopedia explains Electronic Communication Network - ECN
An ECN connects major brokerages and individual traders so that they can trade directly between themselves without having to go through a middleman.
