In ______, buyers and sellers meet in a virtual stock market and trade directly with one another.

Question

Quizplus · Accepted Answer

Electronic communications networks (ECNs) allow buyers and sellers to directly trade securities without the need for intermediaries like brokers or investment banks. They are essentially virtual stock markets where participants can submit buy and sell orders and receive real-time pricing information. Examples of ECNs include Instinet, Island and BATS.

In ______, Buyers and Sellers Meet in a Virtual Stock