The advantage of electronic communication networks (ECNs) is that they:

Question

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Electronic communication networks (ECNs) are computerized trading systems that facilitate securities transactions outside of traditional stock exchanges. One of the main advantages of ECNs is that they speed up transactions by matching buy and sell orders electronically, thereby reducing the time and cost associated with manual trading. ECNs do not necessarily help firms identify and contact accredited investors, guarantee the sale of all securities, or eliminate fraud.

The Advantage of Electronic Communication Networks (ECNs) Is That They