ECN
E314320
ECN is an electronic communication network used in financial markets to match buy and sell orders directly between participants, often outside traditional stock exchanges.
All labels observed (1)
| Label | Occurrences |
|---|---|
| ECN canonical | 3 |
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
electronic communication network
ⓘ
trading venue ⓘ |
| benefit |
faster execution
ⓘ
greater transparency of order book ⓘ potentially lower transaction costs ⓘ reduced reliance on traditional exchanges ⓘ tighter bid-ask spreads ⓘ |
| canBe |
linked to exchanges
ⓘ
linked to other ECNs ⓘ |
| connects |
brokerage firms
ⓘ
individual traders ⓘ institutional investors ⓘ market makers ⓘ |
| dataProvided |
depth-of-book information
ⓘ
real-time quotes ⓘ |
| enables |
after-hours trading
ⓘ
anonymous trading ⓘ extended-hours trading ⓘ |
| example |
Archipelago (historical ECN)
ⓘ
BATS (originated as an ECN) ⓘ Instinet ⓘ Island ECN (historical) ⓘ |
| feeModel |
commissions
ⓘ
rebates and access fees ⓘ |
| historicalImpact |
facilitated growth of electronic trading
ⓘ
reduced dominance of floor-based trading ⓘ |
| marketStructureRole |
alternative to centralized exchanges
ⓘ
fragmentation of liquidity ⓘ |
| matchesOrders | directly between market participants ⓘ |
| oftenOperates | outside traditional stock exchanges ⓘ |
| orderExecution | automatic ⓘ |
| orderMatchingMethod | electronic order book ⓘ |
| primaryFunction | match buy and sell orders ⓘ |
| regulationJurisdiction | securities regulators ⓘ |
| regulatoryClassification |
ATS
ⓘ
surface form:
ATS (in the United States)
alternative trading system ⓘ |
| requires | access through a broker or member ⓘ |
| supports |
equity trading
ⓘ
foreign exchange trading ⓘ other financial instruments ⓘ |
| supportsOrderTypes |
limit orders
ⓘ
market orders ⓘ various advanced order types ⓘ |
| technologyType | computerized trading system ⓘ |
| usedBy |
algorithmic traders
ⓘ
high-frequency traders ⓘ professional trading firms ⓘ |
| usedIn | financial markets ⓘ |
Referenced by (3)
Full triples — surface form annotated when it differs from this entity's canonical label.
subject surface form:
Ercan International Airport