electronic communications network

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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 specialist on the floor of a stock exchange, bypassing the floor broker. A company running an ECN charges a fee for its services.

electronic communications network (ECN)

A computerized trading network that matches buy and sell orders entered electronically by customers. Orders that cannot be immediately matched are posted for viewing by investors who may wish to take an offsetting position. Instinet became the first ECN when it started business in 1969. Archipelago and Island are two other large electronic communications networks. One study indicated that in January 2001 ECNs handled over 50% of all Nasdaq transactions.

Electronic communications network (ECN).

An ECN is an alternative securities trading system that collects, displays, and executes orders electronically without a middleman, such as a specialist or market maker.

Trading on an ECN allows institutional and individual investors to buy and sell anonymously. Further, ECNs facilitate extended, or after-hours, trading.

ECN trade execution can be faster and less expensive than trades handled through screen-based or traditional markets, though the volume is sometimes thin.

However, some ECNs have been approved for official stock exchange status, expanding the number of stocks that can be traded on their systems.

References in periodicals archive ?
Electronic communications networks (ECNs), however, represent an emerging band of competitors.
The department of the loire-atlantique proposes to entrust by public service delegation, the financing, the design and the establishment of a part of the electronic communications network to tr high-speed fiber optics (concessional component), as well as the technical and commercial operation, both elements of the network whose delegate has assured the mastery of d the work of phase 1 network elements realized under a public master~s degree (that of the loire-atlantique numrique regie) on the territory of loire-atlantique and which will be re-leased to the owner.
The Loire-Atlantique Department proposes to entrust, through the delegation of public services, the financing, design and establishment of part of the high-speed fiber optic electronic communications network (concessional component), as well as the technical and commercial exploitation, both elements of the network of which the delegate will have ensured the control of work that elements of network phase 1 carried out under public control of work (that of the Loire-Atlantique digital control) on the territory of Loire-Atlantique and which will be handed over to the delegatee
Contract notice: Project management assistance relating to the implementation of design framework agreements for the construction of an electronic communications network thd reference number: 2019-amo_mcr
Contract notice: contract for installation, maintenance and maintenance of electronic communications network on lmh residences
Contract award notice: Market-design of a very high speed electronic communications network (ftth) in the territory of somme numrique (france-amiens: Communications infrastructure)
provision of fixed voice services provided through the public electronic communications network, - additional
Contract notice: providing a high speed and very high speed electronic communications network for higher education and research institutions in the champagne region.
The subject of a public contract is the provision of electronic communications services, including: provision of fixed data connections to the headquarters via a dedicated private network, hosting services, provision of a virtual private network, connection of the central office to the internet and provision of fixed voice services provided through a public electronic communications network.
Contract notice: provision of a high speed and very high speed electronic communications network for higher education and research institutions in champardennais.
The Council will review the draft directive aimed at ensuring a high level of security of electronic communications networks and information systems in the EU.
--establish and operate electronic communications networks, acquire the rights to use these networks or buy existing infrastructures and networks to be made available to operators or users of independent networks;

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