BEACON

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BEACON

Boston Exchange Automated Communication Order-Routing Network

A computerized system allowing for the automatic execution of orders on any exchange in the United States at the consolidated market price.

BEACON

A Boston Stock Exchange computerized system for automatically executing orders for stocks listed on any of the U.S. securities exchanges. Executions are made based on the prices posted in the consolidated market. Also called Boston Exchange Automated Communications Order-Routing Network.