A ECN is
A)a trade of 10,000 (or more) shares of a stock.
B)a trade of many shares of one stock for one other stock.
C)a trade of analytic programs between financial analysts.
D)a fully automated market.

Question

Quizplus · Accepted Answer

ECN stands for Electronic Communication Network, which is a fully automated market where buyers and sellers can directly match their trades without the need for a middleman such as a broker or dealer. This enables faster and more efficient trading, as well as potentially lower transaction costs. Options A and B are incorrect as they refer to the size or type of trade, which is not necessarily associated with an ECN. Option C is also incorrect as it does not accurately describe what an ECN is.

A ECN Is