Investopedia

Electronic Communication Network - ECN

Dictionary Says

Definition of '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.
Investopedia Says

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.

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