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Electronic Communication Network

   Also found in: Encyclopedia, Wikipedia 0.01 sec.
Electronic Communication Network
A computer system that facilitates over-the-counter trading as well as exchange trading. The electronic communication network sends buy or sell orders to the appropriate specialiston the floor of a stock exchange, bypassing the floor broker. A company running an ECN charges a fee for its services.

Electronic Communication Network (ECN)

What Does Electronic Communication Network (ECN) Mean?

An electronic trading 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 executed entirely or partly.

Investopedia explains Electronic Communication Network (ECN)

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

Related Terms:
Broker-Dealer
Market Maker
Over the CounterOTC
Nasdaq
Stock Market



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Article 2 (c) of the Framework Directive, provides that the term ECS does not cover services providing, or exercising editorial control over content transmitted using electronic communication networks ("ECN") or ECS and; it does not include information society services1, which do not consist wholly or mainly in the conveyance of signals on electronic communications.
Low latency trading is refers to the network connections used by financial institutions to connect to stock exchanges and Electronic communication network (ECN) to execute financial transactions.
Christopher Michael Hadden, 37, of Ruby Street, Saltburn, banned from driving for 12 months, given a four-month prison sentence suspended for 12 months with supervision and ordered to pay pounds 60 costs for dangerous driving and sending an offensive, indecent, obscene or menacing message via a public electronic communication network.
 
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